But for pending new rental scenarios like this, collecting the first month's rent is commonly required.

I would make it common practice to require a tenant policy be in place during lease term.

As I am reading more it seems common but it also sounds like there are plenty of people who don't do it well. 

This strategy requires a lot more work. 4 individual leases, home rules, and common area rules.

In my area of Lake Tahoe it's common for properties to be on the market for 60+ days. 

Can some of the members of an LLC do their own exchange or cash out at the time of the sale of the property?A drop-and-swap allows investors to drop out of their current ownership structure, break away from partners a...

But common BP folk love to get in the rally and tap out on the fall.

We empower local entrepreneurs and investors to transform underutilized properties into awesome community assets that benefit all.I love your why and totally get the introvert/engineer comment too ;) It's very common amongst the civil engineers (and entire design team) that I hire on deals. 

We manage a tons of properties and 40-50% expenses (not including debt) is very common.

Your deposit should be enough to cover most common damage.