I would only add that you should keep the returned application for your records, and add notes on how/when you notified the applicants of their approval, but heard nothing back as of X date, and approved next potential tenant on X or Y date.I guess sate laws on statutes of limitation for civil suits (like alleged discrimination, charging fee but not running credit reports, or running credit reports with no application, etc) vary.

Account #1: rent collection and/or to receive deposits from your property managerAccount #2: the "EMRVITC" account (see below)Account #3: security deposits (only needed if self-managing and state statutes require it)Check with your state statutes, but in FL you or your LLC are required to hold security deposits in a completely separate account (if self managing).

In the Minnesota Statutes 327B.04, Subd. 5, there is an exemption to the MH dealer license requirements for licensed real estate salespersons/brokers.

I got stuck with a judge one time that ruled against me, even though I followed the statute right, he was just in a bad mood.

Many states have new contractor fraud statutes resulting from just the situation you are  describing.

Most states define month to month tenancies in statute, and specify how much notice either party must give the other (for example, in Florida, it's "15 days before the start of the next rental period" - which is a very short notice requirement). 2.

@Nicole Candelario There is currently an anti-gouging statute in effect for much of California, allowing increases of no more than 10%, so unless you check with an attorney first, I would highly recommend a raise of no more than 10%. 

You might want to read the state statutes.

It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

FHA loans are a governed by federal statute.