I’ve seen that in my W-2 job, so it makes sense that the same value is applicable in real estate.

Use the top three or four discriminators so applicants can screen themselves.Then you need to have clear screening criteria yourself.

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.  

.: I have an applicant who's going through a rental screening process A.T.M.

There are plenty of community organizations (eg churches, charities) that they could reach out to for help and they should have done that sooner. 

I have an off market opportunity. 30 pad trailer park, only 19 trailers currently on-site 17 with MTM tenants. Rent roll was ~$8K last month. They are looking to get $500K for the park. 16 of the 19 trailers are park ...

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Here's a list of things to track:- Formal lease application- Formal signed and executed lease specific to your state- Payment history (I recommend using online rent collection like Apartments.com, RentRedi, etc)- Maintenance requests and receipts- Accounting for all rental-related expenses (repairs, utilities, etc) The more you treat it like a business, the more helpful you are to your CPA come tax time. 

Personally I use RentRedi (free with BP Pro) for management and Zillow for applications and screening.

@Tomas FalconWelcome to the community and be ready for a huge amount of information at your finger tips.