Well, it's not whether or not I have the stomach for it, etc, I'm trying to quantify the impacts, (in sole regard to this title thing) get probabilities of the risks, the triggers, mechanisms and procedures, etc. so I can make a proper risk management assessments, backup plans, etc.

Is it normal procedure to request a copy of the drivers license and social security card, and an application fee, before accepting the application?

If you're having that many problem tenants, you may want to review your screening procedures.

Finally, assuming I would be acting ethically and following the proper procedures are there different fiduciary responsibilities between just having my license as opposed to working under (or eventually being) a broker?

Matt Horwitz provided you with the perfect step by step procedures to establish your LLC.

I'm a single woman Who at 59 wants to finally quit breaking my Back as a Massage Therapist , Cleaning Houses , Doing Floral Design (altho very fun) pay at 12.00 an hour here in Austin.Just moved here from Melbourne Florida My daughter is renting my home (starting too) at mortgage payment lol (family) And I'm looking to get a condo or small house outside or around Austin for my son also as an investment .Thinking of using equity on my home in Fl.

Be sure they are responsive to tenant requests/complaints, and they know the legal procedure for eviction.If you are looking for prop mgt for larger properties, then go to irem.org and use their search thing to find managers in your area.

Normally, the tenant has been defaulted procedurally but it always helps to have an idea in your mind how you would prove each allegation in the event the court "gives both parties their day in court".

The 'House Rules'  portion of my lease spells out exactly what "cleaning" is under the terms of the rental contract And the minimum number of times the tenant is contractually agreeing to perform the specified cleaning procedures.  

What I did with his course was outlined the course then created S.O.P.s (Standard Operating Procedure) each SOP is a way or form/checklist to reference.