Once the municipal/state requirements are all set, do a thorough screening for any prospective tenants, have a solid lease ready to go, and take move-in pictures to have on record for any security deposit deductions after they move out.

I know from the a deed recorded last month that FreddieMac got house from foreclosed former owner for 180k.

In general, Cohan is overhyped by gurus who mis-promote it as a loophole for people who do not bother to keep records and receipts.

Their explanation is that the banking service they use (Thread Bank) and their agreement with Stripe (payments) leaves them with no choice but refund if such a request is made, even though they have records of the tenant authorizing payments via their own platform.

No PM wants the state digging into their records, so it will usually force them to contact you and negotiate a settlement and make your complaint go away.If that doesn't work, then I recommend you contact an attorney.

A costly example could be remodeling information claiming a permit was issued when there wasn't any in the county's records.

However, now I wonder if it might be a good idea to set up the property management company first to take on local clients and propel us into the space faster.

Speaking of due diligence, did you check whether they have a criminal record?

As others pointed out, this may be a situation where you want to record the inspection to document her odd behavior in case you have to defend yourself in court.

I believe they still hold the record of the most Governors who went to prison.