@Raghavendra Jakkani wanted to add that some states, source of income is protected so you can’t exclude income sources that may come from child support, government assistance etc.

You'll want to protect yourself from a potential personal injury suit.Lastly, you'll want to get the eviction process started with the courts. 

U think @Russell Brazil or @Steve K. are not going to be there at the final walk through to make sure their clients are protected ????

If your property is owned by an LLC using it for personal use may negate any liability protection the LLC would have offered. 6.

If you manage homes built before 1978, there's a key regulation to be aware of: the Environmental Protection Agency (EPA) requires property managers and Landlords Nationwide to be certified in lead-based paint handling.

Standard PM software just doesnt have the sales features to keep up with operations and tools like Follow Up Boss are not geared towards PM's to do thier actual job.Would love to hear yalls thoughts.

@Angel Peng you may want to consider registering an LLC to protect yourself from liability.

 $1800 (high end of rent range) - $1535 (hopefully mortgage includes full PITI) - $90 (5% vacancy) - $400 maintenance/cap ex - $180 PM (at that low rent point I am using 10% all inclusive) - $50 misc (bookkeeping, utilities that are not tenant responsibility such as slab leak, tax man, allocation of asset protection, etc).  

Your PM's process to find tenants may be geared toward time efficiency for them.

Conventional financing is geared and regulated for the owner occupied homeowner and is designed to protect that borrower from poor lending practices.