This states the home has been approved and available to be a rental.And some of these must be applied for every time a tenant moves.So check your state laws.There are Landlord Tenant Laws, Building Codes, and laws that are not laws at all but based on a Judge’s opinion of whether or not a tenant did wrong or not.For instance, normal wear and tear.Judges have various opinions on what they deem normal wear and tear.This is an Industry of thinking skills.This is an industry of holding your temper and implementing your lease agreement no matter what.You need to think like a Judge.You need to think reasonably.You need to be a good listener.You need to be in control.Once you buy a house you need to know how to keep that house and how to keep your tenants long term.You need to know how to be all things in order to keep your tenants happy, yet make them know the rules of landlording and how to be good tenants.I always say that one is only as good as the tools they have.You could be the greatest landlord in the world in mind and action, but if you don’t have the equipment, or the education, or the money to invest in the proper tools to make you successful, then you will never make it in this business.It takes my breath away to read the stuff on here by new investors.And I understand that how can they know what they do not know?

My heart so far has helped me in instances where things went sideways.

I know our area has a fee they collect from every licensee and it adds to a restitution fund for instances like this where consumers can get their lost money back.

For instance, all the floor beams are 12 inches apart instead of 18 inches, which means even though it's a 30-year old house, there are no squeaks in the floor.

Pat, that would be a red flag for a note investor.. although you could try it and list it on FCI exchange for instance and see what happens.

And some neighborhoods are doing better than others (in the mission for instance, $2-3 mil SFH’s are selling briskly.)

For instance, if you're getting $1500+/month in rent, I would probably go for the new system. 

For example, we've seen instances where a tree fell on a pedestrian.... or a fire that occurs at one investor's house catches the neighbor house(s) on fire.

Maybe you’ve heard of the marketing tip where a salesperson should never ask a yes or no question.For instance, “Would you like to by it” is a Yes or No question and often ends with a No.

@Alex Shaughnessy, a month to month lease continues for each month period until terminated with a 30 day notice (or potentially 60 day notice by landlord in certain instances).