My question is what ability we have to enforce certain “policies” such as requirement to maintain renter’s insurance(their leases don’t require it) prescribed method of payment (they currently deliver cash to the landlord’s local bank) or increasing their deposit (some are as low as $100, and one tenant has no deposit at all)?

You need to make sure that your expectations of a turnkey property are exactly what is delivered.  

If they are together then you need to figure how you work with the two rentals to pay the water bill or pay it yourself.4) You will need to work out how mail is delivered for two parties at one address. 

pid=1803Per HAR, "Along with the first notable cold front of the fall season, October delivered the inevitable to a hot Houston real estate market: cooling sales.

This was acquired as part of a larger commercial package and the property was delivered vacant and in broomswept condition.

I typically deliver all materials to the job site and I am still doing some of the work at the end of project like cleaning floors and windows, installing appliances, odds and ends stuff.

They generally will paint and do minor remodeling, rearrange your furniture or supply new furniture delivered and set up, add artwork to the walls, arrange for professional photos, etc. 

It's just a job where you trade time for money.There is no leverage, no equity, no tax benefits, no passivity, etc.I'd encourage you to radically pursue SAVE MODE and find ways in your current occupation to work overtime, deliver pizza on Fri/Sat nights, and cut back on eating out and entertainment. 

Reduce overhead: stop eating out, move somewhere cheaper, drive a terrible car, cut cable, sell your TV, etcMake more money: get a job promotion, work overtime, flip homes, deliver pizza, etcDetermine what is your highest dollar producing activity and do it as much as possible.

Dennis delivers again.