Obviously, you wouldn't do everything and wouldn't scale like Michael does at this point but you will get a solid foundation in how to start.Start documenting your processes and procedures, read EMyth so you will be prepared to have a business as Jeff refers to.  

At that point, the buyer (borrower) would be on the title along with the primary lender as lien holder.Underwriting would be jointly agreed on in a formal written Policy and Procedure Manual and Credit Matrix.

We have a procedure for removing a person from a rental agreement and one for adding a person to a rental agreement.

As in selecting a doctor to perform a serious procedure you wouldn't hire a podiatrist to perform an Aortic Valve Replacement in your heart would you? 

Revenue Procedure 2008-16 establishes a safe harbor where you could consider yourself OK after two years.  

We do so through many methods but some examples are being a licensed brokerage, hiring people with education and experience, streamlining our processes and procedures, staying consistent with property output, practicing respect and integrity with clients, staying on top of the changing r/e laws, and probably most important- we stay on top of current market data in order to have an educated and in depth understanding of our market. 

Take the AirBnB away from her and she'll have to find something else....she could end up offering "adult  massages" out of your apartment.

By the way, the biggest problem for Landlords (local or out-of-state) is the inability to properly screen, followed by a lack of policies and procedures to handle problems quickly and professionally.

It's standard operating procedure to provide that info, along with a current rent-roll.  

There is the county Tax Claim Bureau (TCB) that follows the rules established by the Real Estate Tax Sale Act 542 of 1947; and then there are sheriff sales held to attempt to collect taxes based on the rules established by link below:http://www.legis.state.pa.us/WU01/LI/LI/US/PDF/192...Now, the TCB holds "Upset Sales" (all liens of record remain in place) and "Judicial Sales" (court order removes liens when proper procedures are followed).