However, as you mentioned, there is people for that who will more than likely save you money when you consider the time involved.

Then when things go to hell they walk away and pretend they had no involvement with the Property Manager even though they facilitated countless transactions positioning themselves as the owner. 

It would involve putting an external staircase on the side of the house and making the second bathroom into a full bath.

It is actually a little more involved than that sounded but you should get the point.

What did your management contract state about screening prospective tenants and your involvement? 

My question is since a lender is involved and I will be drafting up a contract how do I protect myself as to once I hand off the home he doesn't end up pushing me out (there is no sign of such and there is trust but this business)?

Can I just deny him on the sex offender account alone?

There are lots more that require a little bit of human interaction and a few more that need full involvement of a person - answering the phone, some AR and AP.

Given the legal challenges that can come with Foreclosure, I recognize the importance of having an Attorney involved for the Foreclosure process.

Depending on the ARV, I think you are better of using your own cash or getting a partner involved to finish the rehab and then cash out refinance with a conventional or DSCR loan.