@Jeremy Krueger yes I did, I wanted to spell out every thing before he moved in to prevent unwanted issues in the future.

We also replaced the fill hose and valve on the toilet to prevent another overflow.Now we need to decide what to do about the basement long term.

You'll want to customize whatever you use to prevent specific situations from happening.

@Patrick C.Unless you are in some sort of area that prevents terminating a lease, cash for keys should not be necessary on a MTM tenant.

The product is built specifically to prevent that. you can pull out 100% of the HUD1 (line 120), so there is no way to profit directly from the cash out.

This prevents parties and reduces turn over.When children are involved, the general HUD occupancy guidelines are number of bedrooms times two, but HUD also says to consider bedroom size and sometimes a plus one rule applies.

Also do you do your own due diligence to make sure the HOA/deed restrictions don't prevent short term rentals? 

That is how one can prevent them from freezing and cracking the lines, and what is commonly done in homes in areas that freeze. 

One thing you definitely want to make sure of before you quit your current position is that you won't be asked to sign a non-compete agreement that would prevent you from doing this on your own or with another wholesaling company. 

Also, there are certain privacy rules that may prevent them from sharing that.