I don't want them collecting rent and then driving both checks to the credit union to pay. 

You have to have a system set up for vetting guests, creating leases and collecting deposits and rents.

My policy is based on the goal of collecting enough to cover a typical amount of pet damage over a 1 year lease.

I have spent the past few months analyzing properties in Davenport, just from the MLS, and it seems like there are great cap rates which we are optimizing for.

Key details:- Existing debt: $2,038,000 at 3.8% with 7 years remaining- 92% of units already upgraded- Recently implemented RUBS program- Strong occupancy in a growth marketGiven the current debt structure and property improvements, this asset presents an attractive cash flow opportunity with potential for further optimization.

. • Assessment and collection of costs for this program from the leased units by the authority of the Community Covenants, Conditions, and Restrictions (CCRs), $150/year.

If all current builders collectively decided to get crazy and DOUBLE production, forget fact of the HOW like where are they going to get labor to double production etc., but IF they doubled production that would have to continue for roughly 3.7 years, consecutively, to have sizable market impact to hit tipping points in such. 

But without an address how does anything go forward for collections?

You need to know how to do all the different types of deals sooner than later so that you have optimized your deal conversion capabilities as MOTIVATED sellers are hitting you and your organized network you are to build.  

Also curious to know if you all collect tenants' SSN, maybe  in case of future evictions, dealing with sending tenants to collections, etc?