Quote from @Alex Castillo: Written warning with a deadline for them to remedy the problem and pass an inspection within XX days.

I am wondering if everything in the Ultimate Beginner's Guide and other real estate books for beginners that were written a decade or more ago still completely apply to nowadays investing.

I have primarily experienced this with employers that want a written consent before releasing any details about an employee, understandably so. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I've written a few articles here that should help in your decision:The 10 Best Markets for Your First House Hack13 Real Estate Hot Spots You Won’t Want to Miss Next YearI'm personally putting my money where my mouth is and moving to Fayetteville, AR where I will be house-hacking my first property--something that could only be a dream in Los Angeles.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

- The current tenants are said to be family friends to the owner and they do not have a written lease. 

Before we get started we would like to come up solid written business plan that is organized in a clear and concise manner.

Nice work:)

See what $ homes are selling for and in what area, condition, style etc.