In a open market the tenant has a choice to go somewhere else if they don't want to pay a Application fee. 

It's not a choice. 

If you are working for a 100% brokerage then it could be more beneficial. 

In the next 4 weeks I will visit the city of choice to meet potential turnkey provider, CPA, Attorney, home inspector etc. to build the local team, plus location and property checks. 

I have a lot of friends up there and like I said lived there myself, but no one I've ever known lives there by choice unless it is to save money by living cheaper than they can in LA (not a good sign).

I think it will be beneficial, but want to be able to get out if I don't think it is.

I think trying to make the house as maintenance free as possible such as xeriscaping, solar panels etc as well as environmentally conscious fix up choices for materials you can appeal to a good market.

It is not a good choice for a passive investor, but a wonderful investment for someone who's willing to exercise a little leadership.

Repair and remodeling choices are made with the entire investment picture in mind.

But if someone did not want their ownership interest discovered, and went to 'reasonable' means to conceal that ownership interest, I think it is difficult to (using legal methods) find the owner.Using conventional means, the secretary of state filings are the obvious first choice for where to find owners.