Can Turnkey + Landlord-driven Tenant Screening coexist?

[Vik C.]

Hi guys,

I am getting ready to invest out-of-state since I am focusing on buy-and-hold positive cashflow properties and I live in NYC, which isn't good for that kind of thing. I am fully willing to accept a lower CoC return by doing turnkey (higher purchase price, PM fees, etc.), as that is the convenience I am paying a premium for. Would hire my own home inspector/appraiser/lawyer, etc. so not too many concerns there either.

Where I am VERY spooked is in the tenant screening process. I much prefer to do this myself as I have a background in credit risk/finance and am a decent reader of people. I would much prefer lower rent and a more stable, responsible tenant. I am willing to accept lower returns for lower risk in terms of cash flow fluctuation.

However, it seems that all the TK companies I research already provide a tenant. How have you guys dealt with this issue? Do TK companies allow the owner to get heavily involved in tenant screening - if not for the original in-place tenant, then at least for subsequent tenants? 

Thank you