The state doesn’t have rent control laws, but landlords are prohibited from collecting more than one month’s rent for security deposits.

This is the exact same approach we are taking - information has gone out a few times in our newsletters over the last year and a half, with more details available upon request, along with FYIs to clients at year end or other regular meetings. 

Just make sure all pieces are accounted for regularly.

The lender lent based on them being one thing which secures the debt.

By the time you add in the $120/month for their regular fee - they would make $2,640 in a year with 1 tenant placement.

in our area that is a real big deal.. we did another demo and left a few pieces of flooring an inspector came on our job determined they had asbestos in them and we violated taking asbestos items to the regular land fill.. that cost me 19k in fines and 18k in lawyer fees to keep the fines from being really big..

I'm unfamiliar with this score but I've done some research and supposedly it is more accurate than a regular credit score as it reports rent payments.

I dont allow tenants to move in without first month rent and security deposit paid by cashier check .

If you're living in it now, you'll probably be required to have a signed lease in place as well as proof that first month's rent/security deposit were collected in order to get a DSCR loan (they're business purpose loans and don't allow owner occupancy).

A property manager can be a great asset for regular check-ins and updates.