Make sure you have adequate insurance -- everywhere including your autos -- so this never becomes an issue.

Also, if you are chasing the cheapest options (usually those without adequate insurance and licensing), you’re going to be spending more time repeatedly replacing those puzzle pieces.

Bigger check writers will not cut a $5M or $10M check if you do not have adequate funds.

Similarly, make sure all of these transaction participants maintain adequate insurance and list you, the property owner and any intermediary as additional insured.If you rely on an intermediary relationship (most commonly a General Contractor or Property Manager), understand the authority granted in any agreement you execute to act on your behalf.Review the indemnification provisions in any service agreement ensuring the standard of care will not preclude insurance coverage and the provision is equitable.To recap, it’s not necessary to form a land trust, separate management LLC’s or form entities in specific states believing you will hide in the cloaks of secrecy.

These systems help ensure that essential items like toiletries, linens, kitchen supplies, and cleaning materials are adequately stocked and maintained.

"Good" doesn't mean cheap, "good" to me, means reasonable prices with quality finishes, good time management, adequate experience and no cutting corners.

*Provide adequate climate control in order to keep moisture levels down and prevent mold growth by opening windows or using a dehumidifier if necessary.

Make sure there is adequate parking for multiple units and verify local zoning rules.

Is 10yrs adequate?  

One can imagine this makes it difficult (ie more costly) when adequate guidance is not given.