I have not read the Virginia law on this, but we fund deals for wholesalers in Virginia regularly, so to the best of my knowledge there are no rules requiring a real estate license to do a same day back to back closing.

@Armando Carrera research and develop your own typical tenant qualifications so you don’t accidentally violate fair housing, landlord/tenant or local laws on occupancy limits based on bedroom quantity/size required for kids, number of unrelated persons in one house, etc.

Hello Jonathan: I Ground teams in Chicago, NYC, DC, San Fran, and LA. We

https://www.findlaw.com/state/texas-law/texas-leases-and-rental-agreements-laws.html

We were not there often due to travel and had no pets, apartment was returned in the same condition that we received itI am wondering if a normal wear and tear allowance calculation is something that actually exists and by law they need to provide the hourly rate breakdown and what was cleaned correct?

When you figure out money flow, count all costs, and know the laws for renters and owners.

What are the pros and Cons of buying Residential and Commercial Properties in Georgia? Can you share your views on this?

I'm looking for any / all advice for best practices around how and when to inform tenants about the rental increase/request to vacate.

Hey @Isaiah Cortez, speak to an REI-savvy attorney who operates in FL (doesn't have to be located in FL but should know state-specific rules/regulations/laws).We see so many different entity structures for rental portfolios in our REI Bookkeeping Firm.Whatever you decide, ensure it's simple enough for you to easily abide by the structure in your day-to-day operations. 

Any advice or tips on taking over a lease would be greatly appreciated - specifically around questions to ask before close, mistakes, and best practices.