Not that if I was to make a ton of money would be a bad thing!

I agree with the above sentiments that there aren't too many bad places to live. 

Thats not a bad price for the property.

Fortunately my tenant was in a bad place and needed a way out. 

Which on $7K upfront isn't bad, but if something goes wrong so does your profit.

Don’t throw good money at bad deals.

My bad. 

just a couple of reasons:No one can buy ALL the deals themselves.Many monetization feeds on a highly ranked site (book sales, pro membership, etc) Trust through notoriety can have a high return on investment (see M.I/oceanpointe for negative example)None of these are good or bad in and of themselves.

Over time of building a relationship with them, you'll hear the good, bad and ugly.I don't think it's smart to jump into any major commitment without a reasonably long period of relationship building and regular contact.I'm not a fan of those large national turn-key property providers marketing everywhere.

and what is your exit strategy if after all the screening you got trapped with a bad tetant ?