I am starting my fourth year in medical school this summer, and will be applying to residency programs this fall, interviewing through the winter, and will find out where my girlfriend and I will be starting our lives as doctors in the early spring.

About 1/3 of the deals fall through at their end because people "have stuff happen" in their lives like Job Loss, Lose Momentum getting credit cleaned up, Medical Issues, Divorce, "Changed their mind", Don't REALLY want to be home owners, etc.

One bit of advice from one BP member to another Make sure you have a really good set of corporate resolution docs, non competes, a really good set of policies and procedures and communicate daily on expectations, goals, and EVERYTHING!

Anyone know anything about the procedures in Louisiana for setting up a "Personal Care Home" vs mere room and boarding for special need individuals.? 

Highly advise taking the proper procedures to legally becoming a property manager, even if it is for a relatives property.Do you have liability and E&O insurance to help protect yourself?

At the time, we had already started the eviction process for tenant B, and explained to tenant A what the procedures and time frame would be. 

Medical hardship is something where we should have a heart and try to understand where they are coming from.  

Just be very clear on pets you will/will not allow, make sure you understand the support/medical/emotional pets laws in your state as well.Ultimately, if you're screening your tenants correctly, you'll be choosing tenants who are responsible pet owners anyways....Hope this helps!

This indemnification agreement does not waive Owner’s Agent’s duty of care to prevent personal injury or property damage when that duty is imposed by law.Resident May End Lease Early:Resident may end this lease before the end date of the lease or any renewal term only with written permission from the owner and only if: (A) Resident gives owner minimum written notice as defined in the lease end notice procedures, AND (B) Resident pays owner a minimum Early Release Fee of two months’ rent, plus utilities during the required notice period, OR (C) Resident continues to pay all rent and utilities until the end date of the lease or, Owner secures a new resident to take the place of the current Resident, whichever occurs first.

From a process and procedure perspective, does your process have an allowance for this type of accommodation to some tenants and not others?