The previous Owner’s property management reached out to us if we would continue with their services.

Attend events, make connections with nearby investors, property managers, and real estate brokers, and look for mentors to help you along the way.

Be sure you have the tools necessary to manage the loan properly.

It's much harder than it used to be to get the return which makes it worth the hassle (assuming that you are self-managing).

Save this post, because if you think you can find and manage Class C tenants from OOS, there's a VERY high chance you will end up being penny-wise, but dollar-foolish.Hopefully, you'll be able to recover from your mistakes & losses and won't have to sell at a loss.

Also I use my LLC to manage my 2 rental properties.

This is the first year I have professional management....all the prop.

It also felt like they are pulling from something that talks to the bigger management companies with larger MFH and lower-end SFH, whereas my area is mostly mom and pop operator with SFH and the BP calc wasn't differentiating.

This is the route I would take.The next step would be to have a conversation with your property manager about screening. 

What do you consider a fair management fee?