Big thanks to all you experienced note buyers for the great information in this forum and the recent BP interview with @Bob Malecki  that was super helpful in outlining the due diligence steps.

Violations of pet waste are subject to the fine schedule and procedures outlined in the House Rules.

So while employing a property administration organization you have to look for these specific things in the business which can be outlined under:Charges: their charges or costs what matters you a great deal as you'll need to pay for them for what they're offering you so you must question them for managing your kind of property simply how much they'll charge.

I would hope we go into business with people we trust, but still we usually outline how things should go in the event of things going south as it is easier to compromise fairly when everyone is levelheaded, rather than after the fact when emotions are on the line.

I've posted a few articles below which outline the new and most restrictive ("progressive") rental laws in the country, which limit the size of security deposits, non-refundable deposits, and requires giving tenants and option for a payment plan to pay move-in fees.

This disclosure is required by TREC rules.The Code of Ethics outlines similar requirements in Article 4 and Standard of Practice 4-1.

It's your property, you may choose any applicant you wish, within the housing police codes, and do not give a reason when rejecting unless your state codes require it.Bigger problems arise when a landlord chooses tenants based on anything other than most qualified as there screening criteria outlines.

I have seen PMs charge a flat fee per unit when they are managing buildings in really bad areas and the owners of those properties agree to it because it is very hard to find a quality PM who operates in crappy areas.Does your management agreement specifically outline the payment structure when there is a vacancy?

Just the costs of closing on your current home likely cost thousands more then the course of action I outlined above. 

I attached a link to the Freddie Mac website that clearly outlines the requirements.Freddie Mac Rental Loan Requirements