I really don't want to tick the judge off again by going back with inadequate documentation.

My thoughts echo @Jaron Walling: Both of the RE ventures you mention are not the 'passive' type like a LTR would be...

Then you have owners who have debt and want to wrap the loan and sell and make the delta I like this the best as they will stay in the game  they have control of the underlying debt and they have a document ( all inclusive Deed of Trust) that they can foreclose out the owner finance buyer.

After reading that others have had similar problems with this type of problem.

It is much more important to get to know what a PM's experience is, how many years they have been managing properties, are they also an investor, what types of owners they work with, how many total units they manage, what their largest property is, what class of properties do they manage, how do they handle tenant communication, maintenance requests, expenses, do manage commercial or residential, and what type of software they use.Just some advise from a seasoned investor and property manager, The First Question That You Shouldn't Ask is, How much do you charge?

I’ve typed in terms/Keywords like, “Investor purchasing ability”, “Purchasing power of real estate investors' ' or “Property buying strategy for real estate investors”.

I’m not sure of the legitimacy or legality of all of this, but it has me looking more closely at this type of business to see if that may be how I need to word my LLC’s services provided for my properties and then potentially grow to provide similar services for others’ properties.

Better be on the top of your screening game with studios/motel type units.

Chucaralao  the only pre-screening I ask is number of people, number and type of animals, number of vehicles, and do you smoke? 

What type of properties are you interested in?