We agreed on a section 8 tenant stabilization plan, and after their first full month of taking over, here's how we're doing: Total Properties: 11Total Rent To Collect: $10,240Historically, under Own It Detroit (Mutual Property Management) -- monthly totals of rent collected on the first and before the 5th was typically $1200 LogicPM has inherited tenants who for the past 6-8 months were told as long as payments come in before the end of the month, partial payments included, you're okay.

Including a contingency in the first 3 days after the contract is accepted is a good idea especially if there are tenants. 

I have a few critical questions:1- Do I need permit for kitchen and bathroom remodeling (which includes changing the layout within its boundaries without expanding it)?

This will include CPAs, lawyers, Realtors, contractors, property managers, and financial advisors. 

When you list your properties, you can include in the listing that you're willing to accept Section 8 applicants. 

Also including the tenant friendly restrictions limiting any ability to evict still in nj

If so, have you ever done a buy and hold partnership deal that includes one partner invests and the other lives in as principal residence for 2+years during renovation and manages property until sale? 

This would also include any new Tenants just as above in sect (f)(1).

Some of my leases need to be updated, including increasing security when increasing rent; putting in clear violations (such as tenants using electrical heaters, which is a fire hazard); having a reliable attorney ready should any legal issues arise.

Have you included a clause in the lease agreement indicating that they will be responsible for damages beyond normal wear and tear?