Hello,I am getting all my property management documents and software in order before I buy my first rental property so that when I buy it will be a smooth transition, Beside the lease and application, what other documents should I have in my files so that i am prepared (pet agreement, inspection checklist etc.) .

I used this to figure out which dog was responsible for poop all over a multifamily backyard.

If you are young and have not collected kids, dogs, and commitments, I'd suggest putting your head down, delaying gratification, working your a$$ off (get a second job, drive for uber, deliver pizzas, buy a pressure washer and knock on doors asking to pressure wash driveways, etc.), living off of next to nothing, and looking up in 12 months to re-evaluate.

We allow dogs in one, cats in another and no pets in another.

Where is your advantage to finding an asset over a dog collar there?

If we have tenants that live in a unit for a few years and asked about a cat or smaller breed dog, that's a different story.

When the National rodeo comes to Vegas those people have money and their horses are closer to family members a most people’s dogs. 

She is also my neighbor so I have been bringing her organic produce from my vegetable garden (she loves that) and even helped dog sit her dogs for free.

So, you need to be prepared.Potential expenses to consider:Food, shelter, taxes, income taxes, fees, insurance, health insurance, medical emergencies, family, auto payments, auto insurance, utilities, cell phone, Internet, clothes, and pet care (if you have one).

They are one of the best types of real estate investment because there are no toilets,water or pets.