While the framework of what Brandon talks about are general plans that DO work, the DO NOT work in ALL markets. 

For an investor in Canada in our legal and regulatory framework you are not required to give a reason for denial and there are important reasons for not doing so, chiefly that the applicant could create some kind of human rights discrimination complaint based on anything that you say.

So now that we've set the framework, what about your deal?

It's the Rhode Island Landlord Tenant Handbook and it's been around for 15+ years now (last updated in 2007 I think).I'd say it's required reading, and should be read before you read other, more generic (non-RI-specific) books on the subject, just to set the context and obligations framework in your mind properly.Note that the RI LTH is more or less a layman's translation of the RI Residential Landlord and Tenant Act (i.e., RI General Laws Chapter 34-18) which is the body of RI landlord-tenant laws covering things like security deposits, evictions, required notices & timelines, default rental terms (in the absence of a lease - not recommended), etc.So if you think the RI Landlord Tenant Handbook is dry, compare it to the source material (the laws) and you'll go back and think it's just fine and dandy :)Good luck and you can post any questions you have here on BP of course!

Also, try and get an idea of what has sold recently to give you a framework of what people are achieving in those areas.

Now these are just two of many comparisons I have done, but it certainly is the best way to start figuring out different scenarios, which will ultimately give you a more accurate framework to make decisions, like; at which threshold does a rental make more sense than a home and vice-versa.

I would suggest consider the framework for what you want to do and find a (relatively) inexpensive business lawyer that can draw up a template contract that you can use for these investors.

I don't provide an AC, but I have the framework in place and attached to the outside of the house that is just the right height to set a window AC on.If the tenant wants AC, they spent a $100 to buy their own and just have to slide it onto the existing stand.That saves me from damage to the vinyl window frame and the stand is slanted so that condensation drips away from the house.

(your call on that)Will you be replacing them with reto-fits (where the new are placed right on top of the existing aluminum framework, or will you be putting in the standard which requires the stucco to be broken and a new paint job on the exterior (as well as interior repairs)?

Are you aware of DC's TOPA framework?