Inspections, warning letters, eviction notices etc.

There are lots of warnings about not wet mopping a laminate floor.  

You won’t have the turnover people are warning you of.

The board can, without much warning, severely hamper your ability to rent out your unit.

Is there anything you would warn a newbie about in this area?

I do understand the warnings as stated above, but in my personal situation, if they stepped out of line about doing something wrong, or rent was pushing almost late, we told them the rules and how it will be right away and put a stop to it.

Fair warning: the excel is very much work in progress and by no means complete.

I would warn the tenant at this point that it will likely take 3-4 weeks for the port to be approved.  

The lender I'm working with has warned me there is a lot more moving parts with this so I want to do a little more reading on my end about these types of loans.

But, if audited, it will be very difficult to defend.The correct procedure is to get the contractor's SSN (have him complete Form W9 and verify against his SS card) and warn him that he will have to pay taxes on everything he was paid in 2018, including cash already paid to him.