And thank you for being so generous with your time to outline this.I am especially interested in how you found the GCs you are working with now.

The benefit of that is you won't be limited to watering and tending the one plant outlined above. 

But when on M2M they will give proper notice as outlined in the lease. 

They barely exist, and the only reason the big guys are buying is that $ is cheap and the CoC returns are high with cheap leverage.It took me months, and months of looking here for MFH before I gave up and went commercial for my first 8-unit deal, and I did it for precisely the reasons that you outlined.  

Your lease may outline this for you.

Your codes will out line your rights regarding the deposit.

If they do not give you any power over leasing or tenants, then there is nothing you can do except amend them, and THEN implement your procedures outlined above. 

You did not work with me so such comments are a disservice, not only to myself, but to anybody else on the forum that reads them.A helpful comment would point out to forum members the kind of questions they should address before committing to work with a service provider in this space.It is important to outline what the service is - and what it is not -  so that expectations are aligned with the offering.

@Perry Farella Can you send me info on the loan program you outlined in your response?

I also stated that I sent him over two letters outlining the late fees (which I did and he acknowledged) within the first two days we took over the property.