Cause if he learns bad habits now, like living above his means or not saving, they'll be hard to break.

We have gotten home loans so convoluted with the Mortgage Broker Model that causes buyers to pay 10 to 20k more just in the Broker fees and service release premiums / rebates Thousands in Junk fee's etc those should go to the borrower to lower their cost..

What is the legal procedure to seek money for damages caused to the property after they vacate.

Quote from @Arvand Sabetian: I think most others have already provided sound advice.I wanted to emphasis having a conversation with your tenants about the septic tank, not just a clause in the lease that you assume they'll read and understand.Many people are unaware of what they can be doing that causes issues to septic tanks (e.g., flushing the wrong items).Also, make sure you do a walkthrough yourself prior to filling the unit.

It won't impact the rental side but will cause issues on the rehab progress and permit nonsense instructed by the city. 

Inform the tenant that their dog is causing a disturbance and that they have X days to rectify it.

When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

(Confusing we know, this means that not only does the customer stay for 7 days or less on avg. they also don't come back multiple times during the year for separate trips and these stays add up to > 30 days -> Trip one: 7 days, Trip two: 7 days, etc.)Personal use of the property of 15 days or more OR more than 10% of the total rental days will cause the property to become a residence.

This is causing a huge influx of people moving here for jobs.

A good PM will have a 30 day, no cause termination policy.