However, there's a critical ethical issue if the company did not accurately represent these terms or the process, leading to your misunderstanding.

One unit is rented, and the other one just went through some quick renovations (painting, flooring, etc), but I found a few minor issues during the viewing.

@Ray Williams E&O doesn't cover slip & fall liability issues at YOUR rental.Doubt their commercial policy covers anything but slip & falls at THEIR office.So, they should want you to add them as additionally insured, so your insurance covers them for a slip & fall at YOUR rental.

Might go to my profile and to my posts, there are probably 1,000 posts on this topic, I can't write them all over again :)Additionally, if it is for investing then put on the face of the note "Commercial Note" you will avoid tons of regulatory issues as a commercial loan.

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

Keeping records of any notices you issue to your tenants is also crucial, as it ensures that you have a paper trail of any communication or actions taken.

It is kind of you to share your knowledge accumulated the hard way, especially for free. 

You could also have a separate agreement outlining house rules...I havent done this but it's something i'm considering.Here are a few issues that have come up while I've house hacked:- Tenants disagreeing about how clean the common areas should be, WHO is cleaning, and whether it's worth having a cleaning service (monthly)- the house's temperature- Some tenants leaving things out in the common areas and other tenants getting annoyed at it.Every situation is going to be different, but if you've ever lived with roommates...it's similar to that, except you're not paying rent! 

You could do private lending - a loan secured against an asset like real estate - and get the monthly cashflow from it without the overhead of a mortgage, issues with tenants etc.

The other issue with 'second set of eyes' for someone to look over your work is that the person doing that may be required to 'sign' as a preparer which can then put the firm at more risk.