Quote from @Chris Seveney: @James McGovernGeraci and Doss have standard docs - believe one site is called lighting docsI have a set from my own attorney as I want specific language included in the documents In the same sense that a HUD-1 is used by all lawyers at part of closing, looking for lenders to standardize how they communicate loan terms 

How do they communicate with you about repairs and such?

The problem is it sucks, it barely works, it's surprisingly unintuitive for something so simple, and barely any guests actually use it.Which is kind of the same reason we're not discussing this on Google+ while wearing our Google glasses and talking about which version of Google Stadia is best to put into our homes as we communicate with our cleaners through Google Hangouts.While google obviously has a few big hits like Maps/Flights/Gmail, the majority of google releases follow the same pattern of great technology, horrible interface, no marketing, and eventual abandonment by Google. 

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Have a legal advisor or counsel review your documents before signing.These will make your ultimate exit strategy, post Hard Money financing period, much easier when: - preparing & submitting paperwork for individual tax returns - maintaining the note in good stating with consistent payments & digital payment history paper trail - digital and/or easy access to documentation - preparing for a Re-Fi, Conventional financing, payoff, or even Flip/Sale & deed/title reconveyance to remove the Hard Money Lein holider at the end of the note's term

Catch all the red flags prior to submission cause once you submit a file that has uncaught red flags, that's when your process slows and lender's get nit-picky.From a lender, I want you to work fast, if I am hustling on my end to make it easy for their processor and underwriter then I expect fast work with an open line of communication and I want my rep at the lender to be able to fight for me or my clients should an obstacle arise - which they usually do.

The proposal could reduce stress for landlords, ensure smoother transitions, and improve communication with tenants.Additionally, the proposal includes a 5-day grace period before late fees can be imposed.

Maybe they communicate differently but have good intentions.

Your concerns will likely be less with the tenants and more about learning things the previous landlord didn’t handle (deferred maintenance, whether the tenants pay on time consistently, etc)all the best!

These are all things you need to do some homework on and figure out.In terms of BRR and flipping.Flipping makes you more money now.But BRR gives you the opportunity to invest, recoup your investment, have heavy depreciation tax write offs & build a portfolio which PAYS YOU IN YOUR SLEEP.You only have so much time to work, but the need for housing will consistently increase as our population is outpacing or supply of housing year after year.