There are a lot of gimmicks out there, such as eviction protection plans, free maintenance plans, etc. and Nomad is well aware that "guaranteed rent" sounds like a great selling point. 

Also was thinking about homeowner protection from bad tenant, are the laws more favorable for tenants in ca compared to tx etc any input would help.thanks 

Those are the biggest things that will protect while you are getting started on this project

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Also currently it just caters for LTRs.If you can go past the level of detail I would love to hear any feedback from anyone interested, and especially from any Excel gurus, accountants, investors or tax experts out there with a keen eye. 

Look for the topics that catch your eye in the forums, when you think of a few you're interested in, hit the "follow" button to keep up to date on what is going on in those specific forums. 2.

Curious to see how someone could keep eyes on this to see what they decide?

How to find info I need (remaining mortgage balance, mortgage payments) to go in with eyes-wide-open and present an excellent solution to the Seller's problem.b.

You may also want to have a discussion with your attorney about how to structure the lease to protect yourself.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.