A good property manager can help with tenant screening, enforce lease terms, and handle evictions more efficiently if it comes to that.Require a Larger Security Deposit: Within the bounds of local regulations, a larger deposit can provide a cushion in case of damage or unpaid rent.Consider Rent Guarantee Insurance: Some companies offer insurance products that can cover lost rent in case of tenant default.

There are a few ways you can handle the renovation which all comes to personal preference.

There is a big difference in how those are handled  HAHA I just saw a post and commented where the person wanted to ask if they should overpay for a home because they can get is seller financing.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.

A few months ago I asked a board member to assist in moving one such predator from handling the door.  

Better to keep rent 5-10% below market, but keep a tenant long-term.If you can handle all this, you MIGHT be ready to be a real estate mogul.Otherwise, you may want to get out of your own way and hire a PMC to manage your property better.Let us know how this goes before you continue dreaming about anything else:)

The key is to pick a lane—focus on improving as an investor, finding great deals, and letting a solid property manager handle the operations.

i use Ownerrez to manage my rentals. it handles payments and i can do security deposits.

One of theirdifferentiating attributes is that they will work with you to determine how tobest handle your property.

Read those relevant parts and figure out how far in advance you must give eviction notice, how to handle evictions with no lease, etc.2.