If there's a lot of lawsuits government regulators will be concerned.

Sorry to ask I’m newbie, business owner working long hours and leaning towards turn key too for the first rental but at the same time concern to do business out of state where I can’t check in person the property.

@Jay Hinrichs While I appreciate your extreme concern for the seller, I am in a solid financial position and could write a check if needed. 

The excess money goes to my current revolving credit card debt and truck payment with my 2 other loans and I pay off and that frees up 620 extra bucks a month I take care of the place for a year on my current job with my wife making 3300a month and then get this house leased out or rented then that people help pay my mortgage and costs then I get into a better mobile home paying about 300 a month and saving towards the next property soon after that year and making the next down deposit with my own cash and owing no one except the next person to fund my next apt complex!

My only concern is that accepting payments for good and/or services is against Venmo's terms of service. 

My main concern is my tenants are basically professional system abusers and I wouldn't be surprised if when the constable shows up, they magically have a check with the outstanding rent owed. 

Yikes...I'm concerned about several things:What is the market rent there? 

Short term and even with a $300 per month utility expense, we would still be cash flowing ~$300 per month, so it's not a huge concern, but as this is a dynamic expense, we would be looking to transfer utility expenses back to the tenants. 

My concern with that is, if I wanted to sell the property in about 3 years (which was my exit plan) and things like asbestos removal were not done properly, it could really come back to bite me.

It's a little different for me as a lender, but I learned very VERY early on while driving all over the place from Timbuktu to East Oakland to Vallejo that someone who isn't motivated enough to either a) come to my office or b) upload a W2 and some paystubs and other paperwork, isn't a good use of my time - my conversion rate while I was the "mobile mortgage man" was incredibly low, and my hours worked was ridiculous.