My ideal is to have a system or a standard in place to maintain discipline about procedures.

You really have to practice preventive maintenance when trying to ensure a property will cash flow.Knowing the market and helping buyers with ARV potential is a huge step and creates a repeat/return buyer.

Research the market, use data analysis tools, build a team with experienced professionals, and practice deal analysis.

There is a reason that most states (including Connecticut) require property managers to be licensed, one of which is that they are required to have basic education on the rules and laws governing the practice.

This isn't a requirement but best practice since we don't have public transit.We have two homes on septics.

Are you providing a service to help the tenants abide by the contract and basic living standards?

@Alex ThomsenThe standard NC contract (2-T) has two different deposit options.

I dont only buy foreclosures through them I use them to make offers on standard listings also.

However, professional remediation is essential for quality results, complete documentation, and assurance that the job meets industry standards.

Just a standard borrower hardship form.