REI has the finest presentation in the industry in that regard I know when Chris walked me through a few years back I was VERY impressed and I have been around that industry since 2002.. 

As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

I would like to be educated on behalf of the "lending" procedure if that's okay!  

Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.

Our company is actually starting an Asset Management Mastermind to address these infrastructure issues and share our systems and procedures.

Why Staying Informed is CrucialRegulations govern every aspect of rental property management, from tenant screening to eviction procedures.

Learn the eviction procedure for your area, perhaps contact a lawyer in the field to help you with this one, and get the fraudster you're currently housing out on the sidewalk to sleep in a cardboard box where they belong.You're going to lose plenty of money here, but this will never happen to you again, and you can minimize your losses if you move as quickly as possible.

The PM should be an expert on state law, and they should have policies and procedures in place to handle these situations.

If you're running a large portfolio then you would have policies and procedures.

The standard legal procedure, as far as I understand in NC is the landlord must make reasonable effort to re-rent the property (which I will), and any vacant time till new tenants are found must be paid by previous tenants.