Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

The goal here is to reduce liability.Consult an Attorney for Liability Options: An attorney could advise on setting up an umbrella insurance policy to add an extra layer of liability protection.

For example I use the same set of criteria for everyone and accept the first qualified applicant who completes the entire application process. 

The next steps are obtaining the Judgment, followed by setting a sale date.

One of the most important things you can do is set expectations.

The second of two homes I bought when I sold the rental, I would have bought a more expensive one as the one I got was close to the university and tended to attract students which had higher turn over (though it may also be my local market).I'd also look up how to do a 1031 (I think that is what it's called, I'm not in the US) where you defer capital gains taxes on rentals by buying another within a set period of time.

He is trying to set up a conference with Judge Waldrip in Comal County and would like to have that hearing on line so that investors can hear the information they have collected.   

That might offer additional peace of mind.

@Rama KrishnaTo start investing in real estate, set SMART goals, educate yourself, learn market research, and choose a strategy.

Setting up the LLC in Ohio was affordable so if we decided to go forward with a BRRRR we could always open another LLC for that too.