We require strong LL referrals and state this requires more than paying your rent on time.  

Thanks Russ I am sure yours is like my wife worth every penny so you can concentrate on doing deals not organizing your files :)  I can also see in markets that the median sale prices are not like yours and or ours the cost could be prohibitive if your selling 200k homes and then doing commish splits etc.. there is a huge difference in making a 30 or 40k commish and paying 400.00 and making 6 k your broker split then paying the 400.00.. 

How much is your local section 8 paying for a property like this.

If your goal is something longer term or diversification based, maybe treat the down payment like a CD with a big potential bonus that'll pay out when you refi when rates drop, or 1031 exchange into something bigger in 10 years. 

If they don't, the landlord is next in line to be sued.If you require renters insurance the insurance companies can fight about who pays if something bad happens. 

I target traveling professionals who are willing to pay a premium for a turnkey rental.What made you interested in investing in this type of deal?

I've noticed in some markets, there's an additional tax you have to pay on gross monthly income.

Some residents pay privately, others use General Assistance, and some have some state assistance.

I need money to pay off the note on the land. 

I also use PayPal and Venmo.Some just deposit directly into my business account.I make it as easy as possible for my tenants to pay me.