That said, I also know many, good property managers who create value for their clients, have compensation that aligns with their clients' interests and have implemented professional policies and procedures to maintain service levels while growing their business. 

We have an auto responder that sends out:\Confirmation of instant booking email with dates and promise of additional info closer to check-inConfirmation or booking request with a promise to review it and get back to themPre check-in instructions (3 days before arrival)Follow up the afternoon of first day of stay to ask if every is going well with their stayReminder of check out time and procedures 24 hours before departureThanks for your stay and reminder to leave review 2 days after stay is complete.These emails take care of 95% of guest communication.

Then I would suggest you create a business plan of how the company will look when built out, and follow that up with an org chart.Next I would create policies and procedures for all the processes you are going to have to create when managing properties...And finally you need to make sure you are current on all the laws that govern you on a local level, state level and federal level (Fair Housing, Discrimination, Property code, eviction law, Fair credit reporting act, tenant rights, IRS)As you can see and I learned there is much more thought that needs to go into starting a business, whether it is PM business of any business if you want it to be successful.

There are probably 10 experts here on BP that work different states with different rules and procedures, I think every one of them agree that you want to see every property you bid on in PERSON, not on google street view, not on sat view, not on some website. 

Expanding consumer protections to surviving family members and other homeowners: If a borrower dies, existing CFPB rules require that servicers have policies and procedures in place to promptly identify and communicate with family members, heirs, or other parties, known as “successors in interest,” who have a legal interest in the home.

Create an LLC, transfer ownership from your personal name to the LLC, and speak with a real estate attorney to streamline this procedure.

Utah is a non-judicial state, which means that the procedure is governed by state statute.As a beginner, I think it's best to focus on pre-foreclosures.

Your broker should have their procedures of putting a property on the MLS or not and the owner also has a say so of course.

@Jeremy Holcomb A couple of clarifications:To get clear title, without a quiet title action, you have to wait 4 years from the issuance of the tax deed.I don’t believe the death of an owner prevents a quiet title action, just like it doesn’t prevent an foreclosure.You Can use Tax Tile Services out of Cali to insure your title on this purchase, instead of a quiet title action, after they verify the county tax collector followed proper procedure.....but you’d also need to use them if you resell within the 4 years.ORJust buy it with a quit claim deed, maybe you might have an attorney or title company look at the tax collector file to verify proper notices, etc, and wait the 4 years to get clear title.  

page=articles_4 (note that the article on credit reports is the second one down the page, below Lock Out Procedures).