I am pretty much using the Bigger Pockets book on managing rental properties to establish initial company policies and procedures until we learn the things we need to adjust.Thank you in advance,Alicia Bell

There are rules for what number you have to recognize for accounting and legal procedures, and what steps you have to take to get to that number.Why not just set the opening bid as the reserve bid?

If you are going to be uncontactable then you will need to document procedures so that they know what decision you would make.Good luck!

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.