If you're investing out of state, hiring a property manager tends to be the most practical option.

You may need to have survey performed on the property that might be paid for by you or by the seller or it may be common practice in the area for particular pardon you to pay for it.

I have had a couple rep me who seemed to be familiar and be able to answer questions on restrictions so I wasn't sure if this was common or standard practice. 

Does anyone work in this space and have insights into the BEST practices for rent payments from their tenants?

In practice, legal proceedings are very costly and time consuming (from a few months up to 2-3 years).

However, it's common practice for the seller to cover this cost.

At Jamison Management Company, we professionally manage over 1,200 units in South Bay and around 1,100 units in Tulsa, striving to innovate and implement best practices in property management.I am here to connect with fellow real estate enthusiasts, share insights, and learn from the wealth of knowledge within this community.

I have known them to let things slid plenty of times if with some Q&A it comes apparent a person knew what they were doing, used good correct practices.

what's certain is Fed is already in bankruptcy is they follow standard accounting practice like a bank.

All of those line items are on sale 1/3 to 1/2 off depending on the rest of the individuals taxes.I know it is a common accounting practice and a spread sheet requirement, but the idea of saving for Capex never made sense to me.