You wont be thinking about the extra few thousand you're spending to get more qualified when you have additional write offs from your property and ability to purchase more properties moving forward. 

It's always best to put everything in writing so that there are no misunderstanding that lead to a lawsuit.  

investors that just got in the game post 2009  were spoiled in thinking that everything had to cash flow with minimum down and cash flow positive a lot.. when in reality in a strong market with good demand safe secure properties  minimum down break even is a great out come and many times a little bit negative while you wait for rents to inch up. .you make your money in appreciation and tax write offs and your tenant paying your mortgage for you.. 

Get it in writing that the systems are fine from your contractor. 

I don't write the revised code in any of the 50 states so I don't know why we'd be wondering what I am ok with.In addition, what you are referring to is called a NET Listing.

Typically you need to prove 4 years or more experience at a journeyman level or higher and have a currently licensed GC certify this in writing under penalty of perjury.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

You should be very clear - in writing - that renovations must be completed by licensed, insured professionals and they must pass your inspection.

In this case where @Juan Contreras only makes $25000 W-2 he might be under the radar unless he's writing off $100000 luxury trips, $100000 of office supplies, and $100000 of advertising or continuing education.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.