On one document I received it states: "The individual (applicant) is mentally competent but due to age or physical infirmity is unable to manage his or her property and affairs effectively and, recognizing this disability, has requested a conservator's appointment"It also states the conservator is: "conservator of all assets of the individual's estate".What I'm wondering is do I need the conservator to also be the co-signer on the lease?

For example, if we know the gross rents, how does the institution estimate operating expenses, vacancy, etc for the purposes of calculating the NOI so that they can determine DSCR?  

I'm guessing you also have checked for the ARV and what houses in the area are selling for to help determine if it's worthwhile.

To properly renew a lease with a tenant, several tasks SHOULD be done:1) Evaluate the property to make sure tenant is taking care of it and you want them to stay.2) Do a market analysis of rental rates.3) Determine target rental increase amount4) We present all this to the tenant, as we assume they're looking at rental rates on Zillow, etc.5) We then ask the tenant what adjustment they think is fair and then negotiate rent amount and lease term (we always try to go for 2 years).6) New lease sent electronically to sign.All of this takes time, hence a Renewal Fee.

That will determine the amount of effort you put into your business structure.  

I'm eager to learn from your experiences—what strategies or processes do you use to determine expense figures in your market?

Nothing special, nothing unique, but in many cases, they sell.At the end of the day, it is a different mentality.

But with the questions I asked you should be able to determine a rough outline on if it is "worth it" to you.

Historically that has been people like minor children, mental incompetents, and unknown people who do not even know that something bad is about to happen.In my opinion, in order to protect the rights of the unknown defendants, the GAL must always demand an auction.

When working outside of my home market where I have access to the MLS the strategies we use to run our numbers to determine ARV1.