The turnaround time is just about instantaneous for online reports, and they do offer telephone verification of landlord and employment references if you're willing to pay a little more for it.

I reside in California and am organizing myself to invest out of state.  I have several markets in mind, but I have not decided which state I will be investing in.  I plan to create one or more LLC's in the investment...

No verification of experience, no criminal background check, no verification of education, no citizenship check, etc?

They would pay the application fee, submit income verification.

I am just a little uneasy about sending someone enough information to steal my identity if I can't meet them in person.

I still can't get it straight in my head...Let's take two simple, hypothetical scenarios, assuming identical property values, say 200k, and a 100k mortgage.1.

They don't have any understanding of your local market, so they really can't help you unless you happen to live in an area with an identical market as theirs.

I have inquired with my SDIRA custodian on this previously and was told that it would be a prohibited transaction even if the two notes had identical rates, terms, etc.  

I’ve had this happen before from a couple tenants concerning the fraud allegations that somebody hacked their account or stole their identity .

I use zillow to list the property and screen tenants (min 650 credit score, clean background check, must make 4x the monthly rent, income verification, and I need references for past landlords).For any maintenance issues I just call a local company to fix whatever it is.