A CPA and lawyer should be part of your team but not necessarily from the same in house group for assurance purposes - @Paul Beets depending on your framework you should leverage the two separately of their industry knowledge, experience and network to grow your endeavors. 

Doubling up on deposits or requiring larger deposits might weed out some of the riskier tenants upfront, though it's not always a foolproof solution, especially in markets where affordable housing is tight.Regarding your point about double security deposits, you're absolutely right-this can be an effective strategy.

In 2020, I added wholetails, novations, and double closes to my toolkit, which allowed us to consistently achieve higher profits and scale our operations effectively.

This could result in higher quality tenants sooner and keeping them longer, all which have more than quantifiable effects. 

Hi Michael,Your qualifying script is strong, but a few tweaks could make it even more effective.

Recency bias gives greater importance to the most recent event, such as the final lawyer's closing argument a jury hears before being dismissed to deliberate.In 2021 and 2022, recency fallacy told us "keep buying short term rentals, because they have been going up and will continue to do so.  

Hello. I am looking to start Real Estate(primarily focused on House Hacking and SFH if it goes well) as an engineer after graduating. In terms of loans, due to high income, loans won't be an issue but since I already ...

Should I send a notice out to my current tenants that their rent would be raised to $1400/m effective Nov/Dec 1st and if they can’t do it that they would need to leave by then? 

For analyzing properties, BiggerPockets, DealCheck, and Roofstock are great tools to evaluate cash flow, ROI, and cap rates effectively.

Using a service to report rent debts to Credit Bureaus can be very effective at recovering those debts because it can impact their credit report and score for years to come, typically 6-7 years depending on location.