How is that and any future equity gains handled?

Also, unless you have a large amount of money to invest in multiple properties all at once or do a 1031 exchange, it would be unusual to handle more than 3 deals simultaneously.

I haven't had this issue, but then again I handle all of my own payments for VRBO customers.

We did ok with one and very well with the other two.From what I remember, there were some things that came up during DD but we were able to handle these with little issue.

The agent did not earn commission on the deal as it was off-market and the seller and I handled the transaction.

and handle them compliantly so that you aren't liable for 2x or 3x damages?

If you leave faster than that, you will still have to pay for the full 14 days of rent and utilities;If you choose to depart early, I will not charge any termination fees;After you are out and return the keys, I will conduct a move-out inspection and handle your security deposit in accordance with State law.Landlord"

Will you handle emergency repairs between tenants?

However my real concern is you mentioned that your bills depend on their ability to pay as well which implies that you don't have sufficient cash reserves to handle financial hiccups without putting yourself and your family in a financial tight spot. 

Looking for advice on how to handle the lease and respond to these situations.