Quote from @Ying Tang: Curious how others handle this in practice. 

.⦿ Gather forms and documents: rental application, acceptance letter, deposit receipt and deposit to hold, denial letter and adverse action letter, lease agreement, rules and regulations, pet addendum, move in and move out checklist, lead-based paint pamphlet, and disclosure and certification, other state required forms, legal notice to pay or vacate, legal notice to comply with lease, notice to enter property, move out instructions, disposition of deposits⦿ Create a policy binder: company mission and values, company managers/owners/employees, telephone standards (hours, expectations, etc), list of all properties, addresses, mortgage companies, and insurance companies, the application process, minimum standards for tenant approval, tenant screening process, rental collection practices, rent extension process and late fees, security deposit process, basic lease terms, pet policy, smoking policy, vacating tenant process, turnover process⦿ Get to know the neighbors⦿ Set up bookkeepingFair Housing Laws⦿ Simply asking the age of children can get you into hot water when screening for or renting out a property.

In my experience there are practical constraints to raising the capital first.

What are marketing best practices to attract buyers in NYC to consider purchasing a home in Connecticut which can be at lower cost and still be commutable for those who work in the city?

From a pure usage standpoint, it’s usually not worth adding an entirely new service just for the furnace load.The real issue isn’t power consumption, it’s fair and defensible utility allocation once both units are tenant occupied.In practice, you usually have three realistic options:Landlord-paid furnace electricThe simplest and most common solution is to keep the furnace tied to one panel and make heat an owner-paid utility.

In practice, many investors keep the low-rate loan and rent the home first to preserve cheap debt and flexibility, then reassess later.

Understanding how disputes are actually resolved, how attorneys are compensated in the types of cases that lead to larger damage awards, and how claims are pursued in practice is very relevant.

I work with investors on long-term rentals, value-add deals, and STR opportunities, and I’m also actively investing alongside family partners — so I tend to look at deals through a practical, numbers-first lens.I enjoy helping with:Deal analysis & underwritingThinking through rehab and exit strategiesAtlanta and surrounding SE market insightsNot here to sell — mainly looking to reconnect, contribute where I can, and build relationships with other investors.

In fact, its common practice to name both as defendants.Now assume the claim is a covered insurance event.

This is a very common issue on small multis, especially older duplexes where everything is master-metered.In practice, I see three approaches that actually work, and one that usually causes friction.1.