But that makes me wonder if no tax on earnings (for 10-yr investment) is applicable only at federal level.Anyways, thanks for clarifying the state return requirements.

You can run background checks and credit reports on prospective applicants.

They each have different fees, applications, and processes for admitting new brokers- Consider co-working spaces for office location (regus, wework, spaces, greendesk, etc).

Please do not hesitate to contact me at [Your Phone Number] or [Your Email Address] should you have any questions or require further clarification.Sincerely,[Your Name][Your Title, if applicable][Your Company, if applicable]Hope this helps.

Handling Maintenance requests and emergencies, Handling tenant disputes, Ensuring the tenants are properly insured (if you require them to), Marketing the property, Screening applicants, Handling the security deposit return, and a whole lot more. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

The big, golf course type, Rental Apartment developments, along with the 55 and over Communities, Doctors with 100 Doors etc. have Managers who demand the First, Last and Deposit and go after you with Lawyers to file for a Judgement and ruin your Credit and next Rental Apartment application.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

The tenants pay one application fee and can use that same application for as many rentals as they want for up to 30 days. 

You can easily include a series of obscure clauses such as "eviction can occur due to...lack of character.....multiple complaints by neighbors....questionable sourcing of income....lying on an application..." list goes on and on.The key point is, put something vague into your leases, and use it.