Be more thorough with your turnover process.

That company, hopefully, manages a lot of similar properties to the one you are investing in.2) I can't speak to this GPs vetting process, but it is 100% the GPs responsibility.  

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc..... 

Hello - I've had my real estate license for a few years now, but the ongoing costs is not beneficial (at the current moment).

I was hoping I could get some more general information on how this whole process goes and to inform myself on the pros and cons given im a newbie and don’t know much.

We have only 2 criteria for the order we process applications: 1) nearest move in to the date unit is available to be rented 2) order that the completed applications are received.If we had a unit for rent that would be rent ready Jan 15 and have multiple applications, the application processed first is the one who can move in the fewest days after Jan 15.  

Where do I begin to learn about the cost associated with the 3 - 6 months of expenses and the inspection process? 

I make the points more for new landlords because they don't know how to be a landlord yet and are more likely to not get rent on time because they don't have processes.

In that case, would the renting process be a bridge to help you retain the home for future personal use? 

And I provide solid returns for my private lenders in the process.