When I confronted the applicant about the incorrect reference information, she quickly followed up with revised contacts who responded immediately and offered glowing feedback — which felt orchestrated.When she arrived for the home tour, she brought a young child and revealed she actually had four children under six years old, contradicting her earlier statement of having only one.

Just keep learning lessons man, I’ve gotten much thicker skin after being a landlord the last six years.

Yes borrowing with no reserves, skin in the game, and no stable source of income is very risky. 

No one has more "skin in the game" than a PMC as they have to deal with the property every day until an owner sells or fires them.Also recommend finding your own Inspector and not one referred by an agent.

@Kyle DeboerEveryone is going to want to see some skin in the game.

You might be in the 16%-20% range or more since you have no skin in the game nor experience.Check to see how long the tenant has been there.

Typical ARV cap would be around 70% with a higher down payment (more skin in the game) required until you gain experience.

However, those with an allergy or sensitivity to the spores may experience symptoms such as congestion, red eyes, respiratory problems, and skin rashes." 

Not to say that rent payments are always done a few mins after the grace period ends after several reminders.I'm not sure if I am being too hard on them or too soft-skinned as a new landlord but this is frustrating me quite a bit.

Have all the adults sign the lease so they all have skin in the game.Or just flat out NO.