If they don't measure up for some reason even one beyond their control - they don't rent.

I am in agreement with all of you who pointed out that there are several good measures of a good/bad tenant.  

It's an undertaking that involves consultation with an estate planning attorney as well as a real estate attorney, once you have defined your goals.The same applies to LLCs, especially single-member or reciprocal member - as in husband/wife - LLCs... a little knowledge can be dangerous, and litigation is the best measure of any asset protection claim.

It is kind of like the difference between going to a weekend training seminar to learn about diet and exercise so you can loose weight VS. having a personal trainer for 6 months that is measuring your progress and telling you what to do and what order to do it in.The part that sucks for guys like me is that I don't make enough at my coaching to live like a rock star, so I gotta keep flipping deals and managing rentals, LOL!

If you have other members than more elaborate measures need to take place.Jeff

They focus on a creating communities of investors and the benefits to having a nationwide network like theirs is really hard to measure.

I should qualify all of the above by stating this has never been done in my district court, apparently, so YMMV (or should I say MMMV :-/ )I need to decide if I want to try and contact the bank myself tomorrow, or contact the banks council that filed the original foreclosure actions... or pay up and have my attorney file for the reforeclosure as a pre-emptive measure. 

@Joey Noel Your question has a lot of merit and I would suggest that one way to look at advice is to measure its value to you.

When I look at properties now I jot down notes and use this checklist but it take so long to go through a house taking measurements and and jotting down everything that needs to be replaced from outlets to blinds and everything in between.

For starters:What kind of returns are you seeking, and how will you measure that?