Taking the time to work with the Banker and discuss common rents, taxes, any HOA's for example is key.

Out here on the West coast the buyers brokers agreements were not nearly as common as back east and buyers out here are not familiar with them and are balking.. then sellers are balking at paying outside agent because of the laws Etc etc.. 

- Insurance policies (some may not cover rent by room)- Friction among tenants regarding common spaces

Get the easy stuff first - rent roll and lease end dates, any bills the landlord pays - common area maintenance, maybe water, sewer, taxes, and insurance.

The Jerome Village income charge is definitely unique and it's not common at all in Columbus subdivisions.

Refinancing after reno's are completed with a DSCR is a common great strategy. 

If you have enough unit it will make sense to have cleaner on your payroll but to starting off, most common sense is to find a very high quality, reliable cleaner that works with your budget.

I'd recommend a "Templates Folder" that has templates for common used docs like leases, notices, advertisements for properties.I actually just did full video on my Google Drive set up over on my YouTube channel :)

@Aus Smith if there is base rent and then an extra fee the resident pays for a common utility, we count that as revenue towards a percentage-based management fee. 

Immediately before closing the sale dissolve the LLC and distribute the property to the former members so they are all tenants in common.