You're screening standards are working perfectly, they have successfully screened out one bad tenant...

The biggest harm I have seen toward owners from property managers is lack of screening of tenants.  

I always tell people you're welcome to see it, and don't screen them out over the phone, or they get upset and file discrimination claims.And at the open houses, I always have a few completed applications in a folder, sometimes from showings a year before, so when they ask, I say I got a few people interested, but I'll  won't pick the finalist till next week. 

Essentially it has to meet 75% LTV.HOWEVER, if you are blood related, you can still achieve maximum FHA financing (96.5%).

Toughen up young blood.

Have dry powder to be prepared to buy when the blood is in the streets.  

My first deal - other than my hacked house - starting with a 6 unit.....get the systems set up and the blood flowing - will look to larger complex in 2017......great website you have by the way!!!

When I was bird dogging for this particular investor, I got to a point where I was able to pre-screen many properties online, preview maybe 3 to 5, and pick one to show my client.

I use https://biggerpockets.mysmartmove.com/ to screen my potential tenants.  

There was blood in the streets.