There should be procedures for examining financial statements.  

It will be much easier if it's month-to-month as you can just give them a notice of termination.If on a year lease you will have to examine the lease and possibly do an eviction for reasons other than non-payment, which is longer and more costly than evictions for non-payment.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

when I took my RE exam in the old days you got a score.. last time I took one for Oregon I think it was pass or fail..

I would urge all that decide to "become" and investor to examine the talents you already have and work to include them in evaluating all possible transactions.  

Had I come across that in an examination it would have been classified at the least (a bad gig).

How does a scrutinized act that is examined for illegal activities made safer by a trust?

Subject to the limitations and requirements of this part, when the personal representative exercises the authority to sell property of the estate under this part, the personal representative may sell the property either at public auction or private sale, and with or without notice, for such price, for cash or on credit, and upon such terms and conditions as the personal representative may determine, and the requirements applicable to court confirmation of sales of real property (including, but not limited to, publication of notice of sale, court approval of agents’ and brokers’ commissions, sale at not less than 90 percent of appraised value, and court examination into the necessity for the sale, advantage to the estate and benefit to interested persons, and efforts of the personal representative to obtain the highest and best price for the property reasonably attainable), and the requirements applicable to court confirmation of sales of personal property, do not apply to the sale.

Did the tenant that received the money count and or examine the bills?

@Demetrius FowlerThe first thing I would do when looking for a short-term rental investment is examining city ordinances.