There are reasons why property management companies have the procedures we have.

Is this standard procedure?

We will be living on the house for 3 years, we can not have roommates since my son is immunocompromised and he can get sick super fast, and is hard to force strangers to comply with all the required sanitary procedures to live with us.We want some equity, and we will like to learn the real estate business so we can do this once we get out the current situation.Thank you

We agreed and amended the 2 year lease agreement to end on 8/31/19 (signed by both landlord & tenant) & tenant paid the August 2019 rent via the standard procedure (deposit into our bank account). 

Procedures vary with each bank, so it's hard to determine whether the listing agent was responsible for contracting the de-winterization and winterization or whether the bank was supposed to handle that.

Pretty much standard operating procedure for Hollywood.

If you are talking about mortgage liens (basically you are buying the note from the bank,) you will be acting as the bank to the homeowner, with the proper notice and foreclosure procedure for your state.

In order to get the property you have to follow the foreclosure procedure whatever it is for that particular county after the redemption time pass (2 years in some cases)?

Most have instituted procedures which make obtaining a loan for anyone outside of a narrow definition a very diffcult and frustrating process.

I definitely liked Chris' suggestion of using a type of operating procedure as a guide of business activities.My main concern is to ensure my beneficiary is not taken advantage of by unscrupulous people in the event I'm gone.