The time you want to use a new lease agreement or an addendum to reflect new terms and conditions to the original lease is when you have changes you want to incorporate into the new tenancy.

Additionally, incorporating automated data entry software can greatly enhance the efficiency of these accounting systems.

Are you buying it with a mortgage and can you provide a pre-approval?

I recommend you incorporate some of these and start systemizing your portfolio as early as possible.

@Joshua Loh The process of buying a PRE-foreclosure home is pretty much the same as it is for buying any other home.

I already get a list from the county, but they are pre-foreclosures that were field. 

You will also attract quality tenants that will make your investment safer and headaches-free.Economic Stability: Katy has a low percentage of foreclosure and pre-foreclosure homes indicates economic stability and a healthy real estate market, which is vital for investor confidence​​.

But we just pre qualified a newbie investor with just 15% down on a DSCR four plex!?

But you can always ask the PM from time to time if they have experienced any problems with the tenant.2. expenses that exceed the pre-authorization threshold in your agreement.3. maintenance problems or concerns, especially ones that are not minor, but you can always ask about any problems, and they should be keeping record of maintenance problems during their management, even minor problems. 4. near expiration of lease term (e.g. 60 days), inquire what their plan in for a current tenancy, whether to terminate or renew.

TAX CERTS are a bizzness not something you do as a passive investor or someone like me who is busy with their core business.. thankfully it was only 30k All that and the SC Hennepin Decision last year now causing states to re-write their laws so that if an investor does somehow end up converting a lien to a deed, that investor may be liable to tax defaulter for the difference between the lien and market value of the property, Tax Liens seem to be VERY MUCH a place where only the big money, interest investors can make it worthwhile.Fortunately, Texas has "immediate" possession Tax Deeds so we keep our focus there. little bit diffferent but in 07 ish WA and OR passed new foreclosure rescue laws that stated if you bought a property pre foreclosure and sell it within 3 years you owe the person who lost it 80% of the gain..