This can, and most likely will, change throughout the process of executing your plan.Start at the end, where you want to end up...and work your way backwards. 

With that amount of assets under management we'd probably need to have 2 maintenance techs, an accountant and a property manager on staff.

Holding Fee:Upon the verbal or written approval of the Applicant's tenancy, a Deposit to Hold Agreement will be executed and signed by all parties and a non-refundable holding fee shall be required within 24 hours, hereinafter referred to as "Deposit to Hold" in the amount equal to $400 (Four hundred dollars) to hold the property until a mutually agreed upon move-in date.

(Taking on a sort of business development role for them.)I understand I'm not getting legal advice, but if someone has done something similar I'd like to hear about how it was executed.

I am fortunate enough to be able to cut our maintenance costs buy leveraging my staffs time.

One thing to keep in mind is if you own the property in a LLC you may have to use an attorney to execute the eviction if it comes to that.

Executed 1031 exchange in 2018 when I got tired of being an absentee owner/landlord.What made you interested in investing in this type of deal?

*Section nineteen provides tenants with at least 14 days notice beforethe execution of an eviction warrant and requires additional informationon the warrant.

I started in RE investing by syndicating a 48 unit property in Texas.I had zero experience so I decided to start at 40 units or larger because the people that were guiding me said that the rule of thumb for staff was roughly 40 units to support a PT manager and PT maintenance.This allowed me to hire a manager that had experience so it wasn't me trying to figure it out on my own, I had a "partner" on-site that knew what they were doing.This was absolutely the right move for me as it was a relatively conservative way to start and enabled me to scale nicely from there. 

I’d burn the midnight oil educating myself and learning what I needed to so once it came to execute, I was able to do so confidently and not needing to be available at all hours of the day.