There shouldn't be that many using the service if you pre-screen well -- I rent to the first tenant that fits my criteria, so I don't have a ton of fall-through.I do also think that checking their social media profiles and check their references as part of the application process is a good idea, as well.

Thanks Tyler, that’s a great idea!

I will talk to professionals like a CPA about putting any systems in place, I just wanted to reach out here first to see what ideas people had. 

ok so - i'm a newbie and i only have one other post.here's a hypothetical - it may or may not match my situation... i just wanted to start a fun topic and get some ideas generated.say you have 100k cash in your pocket - right now.what is the first thing you would do if you wanted to invest in rental property(ies)?

It exposes you to a wide variety of different types of investing, ideas, and tactics. 

The idea is that they would buy my property via traditional method 25% down conventional financing. 

Don't split the two properties with two companies, sign up with the right company.Find a property management company that thinks like you do @Kit Klekamp One who will carry out your idea of what it is to be 'properly managed'. 

The main idea is to chose a strategy thar resonates best with you and work hard on it until you excel in it!

Does anyone else have any ideas?

I would check cap rates on the most likely tenants, or estimate rent based on average sf for similar sized properties in your area, maybe use loopnet to get an idea.