Higher-quality areas attract tenants who are more reliable and tend to take better care of the property.

Will they "check themselves" from bad behavior when they see a professional company with professional services, legally reviewed lease, etc. managing their day-to-day?

If you don't care about income and are more of a capital gain kind of guy, prices are already high (as you noticed) and there's plenty of land available to buy so I'm not sure how much is left in the tank.

(other issue was a leaky toilet we took care of, at our expense).  

So whenever the buyer wants to refinance or sell the property my lien comes up aswell and that's when I'm taken care of? 

That would take the pressure off Tenant A and let Tenant B know you care.

We review and negotiate then sign on the line. 

Coghill they are trying to take care of several things:1) Approval to access credit reportsA video tour of my home office (required by the credit repository to show security, so access to office & computers is limited to avoid data theft)Credit checks on me and my partner (required by the credit repository to make sure you are not criminals looking to steal others' data)Copies of the deeds for every property we own (required by the credit repository to confirm you aren't just self-serving)A copy of my partner’s home lease and utility bills (required by the credit repository to prove his legal address, so they can pursue him criminally if he steals data)Business phone bills (required by the credit repository to prove an actual business)2) Approval to use banking ACH system to accept tenant payments and pay ownersBusiness phone bills (required by banking industry to prove business legitimacy)A signed letter from the bank verifying our accounts (to prove legitimate business banking accounts.

I use a CPA, too, but I like to do my own bookkeeping throughout the year and send him a tax package quarterly to review.  

Using a large RV or boat for business purposes offers potential tax benefits, but it's essential to navigate IRS regulations carefully.