Review the terms of the rental agreement and re-emphasize the importance of securing written authorization from you before making any changes to the property.

We re-emphasize that too when they are ready to vacate.If a tenant doesn't want to do a final walk-through, it's a red flag.

In my units rented out to (2) students as "flatmates", I always emphasize that they both together sign a single agreement with me such that if one doesn't pay his/her half, the other is responsible for it.

I also emphasize protecting floors (alot) in the on-boarding--beware sharp furniture legs.

I agree with Alexander.Make sure you emphasize that he has a property that is currently a liability (taxes and annoying maintenance) where it could be turned into an asset rather than a burden.

The point about cash-flowing properties - and why I always emphasize them to my students - is that the cash flow allows you to carry the property through the downturn and back into the upswing, since the property is not costing you money out of pocket.The key is that you want to buy properties with sufficient cash flow that there is a cushion - a margin of safety - for when things go bad, as they always will.  

It's not a realized loss.I really cannot emphasize this point enough, though.  

I still have not heard anything regarding rescheduling.For a company that emphasizes the importance of communication, I am a bit taken aback by the lack of communication (particularly from at the sales stage).

I always try to emphasize that knowing your market and knowing the numbers (all of them, not just some of them) is key, regardless of what type of market you are in.

I cannot emphasize that enough.One cold stat out here is that 60% of new licensees never see their second year.