Is this common practice?  

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

If ignored, the attorney can lose their license to practice Real Estate Law and closings in NC.

It's common practice for loans to get sold multiple times.

Laws change , etc ...We like to promote ethical and legal practices on here .

I would definitely be open to them keeping 10%(ish) of the late fee as would be customary of a typical rental income fee.Anyone have experience on this or can shed light on best practices for PM/owner relationships? 

. :)  I'm trying to get a better grasp of "best practices" for owning / managing rentals. :) Lease Terms: Long Term, One Year, Section 8, Six Months - does that mean "long term" for one year, and "Section 8" for six months, or does that mean, "Hey, as long as you pay on time, we're easy to get along with... two year lease, annual, Section 8, or short-term of six months... whatever you prefer, Mr/Mrs Tenant..." ? 

This is practical; takes 2x min to move in. 

Although I have been practicing real estate for the past almost 17 years.

Approve or Deny Application with documented reasonMy main fear is keeping things fair and avoiding any unintentional violations of Fair Housing laws or partial practices.