What if your late fee, security deposit, maintenance, pet, acceptable use policy, or non smoking clause isn't worded correctly?

Existing leases and rental applications for current tenantsDetailed breakout of security deposits, pet deposits, utility deposits, etc. for each propertyRent rolls for past two yearsTax filings associated with the LLLPLLLP documentsMortgage statements and payoff amountsProperty Management Contracts/AgreementsCan you add anything else to the list or any general advise on completing due diligence?

This is a career change for me as declining health (cancer survivor with ongoing complications) may cause me to need to have a job with greater flexibility.

to add to the reply from Zach. that is also the case in ft worth, but with one minor detail. you can prune overhanging tree limbs as long as it doesn't jeopardize the trees health. this has happened to me on my personal property.

What happens if the tenant decides to stop paying rent and the furnace goes out, and then the tenant leaves the place ravaged with pet damage?

Proactive is definitely the best... especially when you're risking collateral damage.From an investment perspective though... if you can extend the life of anything, you'll have huge savings... for example, I had carpets that were trashed, but I found tenants with dogs that didn't care because I waved the pet deposit... and I got another year of life out of the carpets.  

What we choose to do is use a savings account for the security (and pet) deposits; that way they aren't touched; and a checking account that is used for expenses.  

This allows me to spend enough time on my W2 job to keep that money flowing in and the health insurance rolling:). 

Despite that, their hospital just underwent major renovations and they've just completed a brand new mental health care facility set to open this month.  

It's a health department thing.