Don't overbuild procedure so early, but build it in parallel with the growth of your portfolio and put your process-oriented nature to use!

I can't say because I don't live there and don't know your state laws/procedures.

Please tell me more.Concerning process, procedure and plans, I agree that they can be very useful.

We've seen many out of state investors - after the fact, unfortunately - who were taken advantage of, by contractors mostly, but also by licensed agents as well.Jay Thomas hit the nail on the head - having boots on the ground and procedures in place to verify things are key.

Assuming you have pissedsionrights....you legally either need to evict or get an ejectment order, depending on your state/local procedures. 

I see them leading a lot of unsophisticated newbies down a tragic path because they aren't telling them the whole truth & proper operating procedures to be in compliance.

If to a commercial lender, then you should know their underwriting procedure, what kind of loan business the lender is in, amount of new loans created last quarter, etc.

Remember, they are large companies and typically bureaucratic, policy and procedure driven.

Standard real estate contractual procedure

Days to close can be a little longer than conforming loans, depending on the USDA region, though some new underwriting procedures being rolled out may help with that.