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

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.  

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

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.

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

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

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.

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

Practice market research, property analysis, building a team, and starting small.