They are more likely to not pay there portion of the rent, more likely to destroy your house, and more likely to squat / drag out an eviction process as long as humanly possible. 

The process of selling is a bit more complicated and is a much larger transaction that can have a lot of nuances depending on the deal.

And it's actually scary that he controls the acquisition and rehab part of the process.

There has to be an account in the middle for repairs, renovations, etc. and you want to know how that will be disbursed and if you need a workflow between you.If you decide to do it, just start small with an asset that is as close to can't lose as possible so you can fine-tune your collective process.

Thanks for calling.If they fill out a written application, then you will send them a written denial.You don't have to process the entire application, either.

In that case I’ll want a real estate attorney for the closing process.

There are going to be three levels of addressing this 1) things you can simply go there and do anytime (pick up pet waste and throw it away) 2) things you can do given proper notice (enter the unit and inspect, repair damage etc) and 3) things you can only do given proper process/procedure (notice to vacate, increase rent etc.)

Keeping tenants informed and satisfied during the process ensures smooth occupancy transitions.

Early research and collaboration with local authorities are essential to streamline the process.

I'd like to know other landlords' experience of the application, placement, inspection, and renewal process