Move-In right before the tenant moves in to take pictures of the property (we take pictures of every inch of the property to use as a reference upon move-out) and assess the condition of the property.

The ability to set up your late fee rules (by unit or universal rules) helps remove a lot of the issues with assessing late fees.

You can learn the ropes of how to analyze deals, assess markets, understand nuances between different strategies, tax benefits, etc. 

3-6 months vacancy during turnover seems to be the norm in Center Point from my experience owning a dozen properties there for the last four years.  

I determine that risk during the application process using a score sheet that assesses employment, credit, and rental history.

All it takes is one factor out of your control (and there are dozens if not 100s) to go wrong or go too slowly and you're sunk, unless you have a small fortune and/or other investments to bail out the one that performs poorly, or to carry it until it does finally perform.Bottom line: due diligence x 10! 

I would compare the bills to your escrow account detail, then call your mortgage company and make them aware of the bills.Some municipalities have multiple layers of "taxes" -- i.e. county, city, special assessments. 

The reason for this is now that I've done a couple evictions, I can see how the tenant has a dozen 2nd chances to right the ship.

Do you want a couple properties increasing in value, or do you want dozens of properties increasing in value?

What if the taxpayer no longer lives at the address they gave the county when they recorded/assessed their property, and they never get the certified mail?