(I opened the Florida markets and ultimately was responsible to buy/rehab/lease/manage over 12000 single family homes which we bought 1 at a time from Q2 2012 to Q4 2014)  Lucky me, I can say I have signed more individual closing packages than anyone in Florida history... that and $5 still only buys me a cup of coffee at StarBucks!

The property belongs to the one who holds title to it and is not officially responsible for the payments since the loan is not in his name.

., don't account for an individual's tolerance for risk and their need for return.  

All tenants are responsible for the rent payment for the full month in which the tenancy terminates.

Getting a referral from a fellow investor is OK, however that contractor may be good for the referee, but could be not so good for someone else.Contractors are special individuals - they too are chasing the buck and trying to get the best deal possible.You may want to write specifications  of what you want done - once you know what you want you can better compare bids from workman.I have found that meeting real people with real tools at a time they are buying supplies and materials at Home Depot 5:30 - 6 am picking up stuff to do their daily work is sometimes an effective way to find the craftsman you are looking for at a price that will serve you well.Getting referrals is OK - but how do you know that they didn't over-charge the person who is referring you to them?

@Dan Bernstein, Thanks for the response.  

@Don Jackson those charges seem high to me, eg. filter costs $10 each and takes 5 mins to replace and also gutter cleaning should be landlord's responsibility unless specified otherwise in your lease, and you can't charge for changing locks if they're not broken.

While it's really a call each individual will need to make you just want to make sure it's not gonna cost you more than you would make on the investment.

You should make them subject to all the requirements as the original tenant, because they're responsible while they're living there. 

Thank you all for your responses.