We are purchasing investment property through an investment property managing company. They will organise the paperwork and getting a tenant, plus they have given us a estimate of return etc. We are just worried I guess, that we will be unlucky.
It is always possible to be unlucky but there's no point worrying about it. I believe the vast majority of people are honest and pay their rent on time. If your property manager does their job, they won't be letting your property to someone with a history of non-payment or of trashing places. Insurance should cover you if they do turn out to be dodgy tenants. Rental properties would not be such a popular investment if the horror stories happened all the time. You only hear about the worst ones.