Many of these operators have no IT system whatsoever as they are keeping written records and they have a number of reminder safeguards in place as part of their written policies and procedures to make sure that their customer’s NPI is properly protected.

I like the idea of cooking in some safeguards against industry-specific reliance in your tenant choices.

But before you partner, do some studying on partnering & how you vet a potential partner & what safeguards you need for the little cash that you have.Consider becoming a property finder.  

I have also read of people doing multiple-applications as something of a safeguard.

Regarding your comment about using an agent - our plan was to use an agent as a safeguard against potential mistakes. 

The safeguards and limits exists because it is THEIR money you have in your custody.

(2) What would be the core idea to impress, takeaway or safeguard when visiting a potential contractor at an ongoing project?

Every market is different, but the documentation is your safe guard.

Hello - Are you looking for someone to review the lease to ensure it is legal and includes sufficient safeguards for you and your husband? 

People on the BP podcasts sound like they just keep buying and buying without fully paying off, but how do you safeguard against long vacancies so that you don’t end up having to foreclose?