Procedures and expectations are entirely different.

We are getting 7.5 to 8.5 cap rates on quality properties.Good luck but I wouldn't be buying an asset class that is overheated at the top of the market and using financing to massage the deal to get any cash flow out of it.

Creating and sticking to clear policies and procedures can accomplish a lot. 

There should be procedures for examining financial statements.  

I will definitely use that procedure when my tenant gets ready to move in.

And you may need an accountant to make sure you are complying with GAAP tax procedure.

Because this is a very critical part of the procedure, just for informational purposes, as an experienced Architect, can you give us an idea of how you would price doing that calculation as well as producing the guidance for the contractors to follow without you overseeing the project.

Yes, they can cap the number of rentals or prohibit them all together, assuming they follow(ed) the proper procedures.

For this reason, it's standard to request a sizable damages deposit.Your rental management firm can also draft a rental agreement that holds the guests liable for the full cost of any damage or thefts, while releasing the owner from any liability for injuries that occur on the property.Similar to the procedure used for a car rental, your property manager can welcome the new guests and perform a walkthrough to note any existing damage.

Of course I am assuming you're not an expert on reading PCS/ETS procedure.