Beyond that we screen pretty heavily and don't really have a problem with theft.

A good example is Application fees- those were unheard of back in the day, now the are ubiquitous and a revenue stream for many. many tenant groups are fighting against application/screening fees and IMO these will be legislated against this coming year. 

And the pipe  looks broken off, jagged  vs a cut pattern .   

Break any of those rules and a good attorney will "pierce the veil" and you LLC is as protective as a screen door on a submarine.

Many leases have a "lease break" provision that states under what conditions the lease can be broken (paying two months rent as a penalty or...).

Put new knobs on the kitchen cabinets, and replaced some broken soffit pieces and window sills that had rotted out.

I removed the enclosed porch screen door and installed a more substantial door (as the porch wall was one the exterior walls to the pipe).

The duties of a typical property manager include collecting rent, arranging maintenance, enforcing apartment rules, dealing with 3 am plumbing calls, conducting inspections, completing repairs, paying bills, advertising vacant units, screening tenants, etc. 

These systems are free for a certain number of units (I think 75 for TenantCloud) that allow you to market your rentals, screen applications, keep tenants and leases straight, auto email reminders, track maintenance, and more.

Here is a list of a few that I find to be of most value:Population TotalHome ValuesHousehold IncomesPoverty RatePopulation AgeRental Vacancy Rate*Homeowner Vacancy Rate*Educational Attainment Rate (High School/GED & Bachelors)Number of Housing UnitRent to Income Ratio*Rent to Price Ratio*Population on SNAPS (supplemental nutrition assistance program) percentageProperty Tax Rate*Median Age of BuildingsNumber of Structures by Units (SFR, Duplex, Triplex, Quadplex, etc...)Median Rents by Number of BedroomsPopulation Change (Births, Deaths, In-Migrations, Immigrants)*note that some of the metrics are composites that are computed by comparing two or more variables from the ACSA number of the variables above can also be broken up into cohorts, which will give you even more insight into how an area is doing.