You will want to tailor your criteria to the type of property and market that you are in.Here's an example of our rental criteria (which works in Washington State).

I agree, there are more active/passive techniques and you need to determine your level of involvement and risk tolerance.

This information can help in tailoring products and services to the local market.Cultural and Recreational Opportunities:Consider the cultural amenities and recreational opportunities available in Cincinnati.

The purpose of thinset mortar is to support tile, not just to bond it tightly to a substrate.EDITED by ModeratorI've laid (and had laid) 10s of thousands of SF of tile and stone over the decades, think I'm ok with the basics, and even the advanced techniques like this....a) clear silicone is a recommended tile adhesive - depending on the situation... see ANSI specs.

Mobile home parks are tailor made for absentee owners as long as they are purchased correctly and managed with effective systems.  

Maybe reworked to tailor my needs.3.

They can help tailor this approach to your specific situation and ensure it's all above board. 

Property management contract: Includes provisions for scaling fees based on deal volume and many other techniques promoted in the BiggerPockets community.Lease agreement: Includes terms needed to ensure that your rents increase with each lease renewal.Contractor agreement: Includes bonus payments and penalty fees for late work to help hold your contractors accountable.Contractor Scope of work document - give this to your contractor when asking for your bid so that all your bids are itemized and can be compared apples to apples.

IRS Passive Actvity Loss Audit Technique Guide

There are techniques to minimize your ultimate investment in the property, such as using private/hard money to finance 90%+ of purchase/rehab, then refinancing out to conventional in 4-6 mths.