This is standard procedure for most builders these days and is very helpful for communication, scheduling and budget.Remember its all about relationships and as the developer you are the leader so its up to you to provide clear direction in no uncertain terms exactly what you expect and when then measure that performance and hold the team accountable to the goal in a way that is positive and encourages the results you're after. 

However, if you own and operate your real estate business (buy, sell, manage and day to day procedures) it is considered passive by the IRS unless:!

But if you signed a contract with the seller, someone signs one a day later, records it, his goes first.Don't know where you are, I'm from NY, and the procedure from NY: Recording contractsAs to money in escrow, what you're told is correct.

Don't wait to start eviction procedures. 

This will require a more formal procedure in evaluating applicants.  

Things like BPCON, specific classes on things like contract law, eviction procedures, etc....?

You should use the TSP cleaning procedure described to remove as much of this adhesive as possible.I've also started a new thread on dealing with popcorn ceilings in this forum where I will be addressing some of these concerns in dealing with Gail's question.

Dear BP,      I think it was BP Podcast #352 where Brandon mentioned he recorded his screen and send it to a VR to produce a 100+ page operation procedure.

And that kind of attention to detail is what separates firms like yours from the "order takers"  or "processors" we're seeing who can generate forms and create a web site but don't have your years of procedural experience. 

Whats the procedure here?