Rely on and follow your internal procedures to do a thorough investigation, particularly into his rental and work history.

I'd ask for copies from the court house of the appeal so you have that, ask county clerk what proceedure is as they are helpful. can't give legal advise but can direct you as to what is procedure for filing and what steps are needed.

Definitely start part-time and don't even think about full-time until you are really, really sure you can sustain it because once you are full-time, you'll have the added stress of health/dental insurance and all other self-employment responsibilities (not sure if your current full-time job gives you benefits...if not, then it's a mute point).  

So what is your procedure for giving out rent increases to make sure the tenant actually receives the notice?  

The issue is most underwriters are not properly trained and the procedures and systems that they use do not properly account for cash flow.

We have since really upped our landlording game and have new procedures and leases.

Purchase price: $425,000 Cash invested: $35,000 Medical Dental Commercial Office; financed with owner carry.

In other words, records must be maintained "in a manner so that the assets of the series can be reasonably identified by specific listing, category, type, quantity, or computational or allocational formula or procedure."

They do their calculation following a set and cosistant procedure.

3) All self-directed IRA custodians have similar processes and procedures regarding buying and selling real estate.