For example, leasing guidelines, make-ready scope of works and pre-approved budgets, procedures for dealing with late payments and evictions, etc.

If you can give them a nice chunk of EM say 50 to 100k and only close when you have your approvals then you start to digging within weeks of your AD loan closing this will save you a ton of money.. this is standard procedures out here on the west coast I dont know about your area..

I've heard horror stories about really bad guests on Booking.com but I have my vetting procedures down pat.

Advise the tenant that you are very serious about rent collection and do not ever waive late fees.Procedure for allowing a pet or clarify that they may never add one.Where the electrical breaker box is, main water shut off and instructions on how to operate.You should have most all other policies and procedures codified in your lease agreement. 

Agreement on Default Procedures: - [ ] Define default conditions

As a newer landlord here in San Diego, I'd like to get inputs on everyone's procedural steps they take, as a tenant's lease is set to expire.   

Also, accounting for flip is different from buy & hold or wholesale, so make sure your process and procedures are set up properly. 

Hello all! I have a request from my lender Rocket Mortgage asking me to provide to them the Withdrawal term of 401k even though I didn’t use my 401k to down for my rental house.  My broker said they just want to have ...

Strong policies and procedures. 

Also, ensure your lease agreement complies with local and state laws by clearly outlining tenant responsibilities, rent payment terms, late fees, and maintenance procedure and reach out to property management companies if you're not aiming to self manage your property.