Do the same approval policies and procedures apply to section 8 renters?

Understanding the management terms, including fees and tenant handling procedures, is also vital.

Also ensure they are up-to-date on the most recent construction accounting practices, audit procedure and tax regulations.While price is a consideration for everyone, remember that the cheapest option is not usually the best option.

I don't recommend this approach as standard operating procedure, but in that deal, my first, I was somehow able to walk away with a $30K profit.  

There are attorneys who make their living by hiring people to apply for rentals and going after landlords who don't have a clearly documented procedure.

With systems and procedures in place that are time tested to welcome longer-term tenants and give investors a hands-free experience.The industry is maturing year over year with the backing of necessity.

Have strong policies and procedures (and an elevator pitch for each) when someone asks you how you operate.

Many lenders will just focus on your ability to pay them back in the time and allow you to 'lather, rinse, repeat' as much as possible, without the same type of underwriting procedures. 

Standard Operating Procedures (SOPs) for lead generation, follow-up, marketing, etc. 

I highly recommend creating procedures for them, either written or recorded.