What should the procedure?

The larger banks are nearly impossible to approach, and once it's in their system as a repo, the house is on the assembly line to be cranked back into the market, and it's really hard to pull it off that line since they have systems and procedures in place that everyone in their line must follow, which is directed from corporate and not up for negotiation. 

Another thing to consider is that you are usually a few thousand deep in tests before finding out that a given procedure is too costly when considering the success rate. 

They have their own procedures, and fee schedule.

Now that you have done your first deal the next one will start coming quickly (if you want to grow fast) and you want to make sure you have rental policies and procedures in place so you are ready to grow.  

@Deanna McCormickI totally agree there is a difference. the reason my idea works is because all my properties are in a single area and most of the setup is the same so problems can be fixed by some kind of standard procedure.

I also have an eviction clause in my lease, but generally, what does that procedure look like?

It never ceases to amaze me how so many people in whatever field of business they may be in, do not take into consideration before they jump into a business, to implement Office Procedures which includes handling their finances. 

Section 1174.10 is added to the Code of Civil Procedure, to read:1174.10.

Here are my 21 tips for starting out:#1 – Learn From Others#2 – Plan to Market#3 – Know Your Type (Performing, Non Performing, Re performing, Investor Notes, Seller Financed, etc)#4 – First Refer A Deal#5 – Discover The Why Behind the Note Sale#6 – Get To ‘Know’ The Payer#7 – Verify Everything#8 – Embrace The Boring (Due Diligence Counts)#9 – Plan for The Worse#10 – Partials Are Your Friend#11 – Master The Time Value of Money#12 – Encourage Early Payoffs#13 – Originals Count (Get that original note and endorsements/allonges)#14 – Stay In Control#15 – Seek Professional Help#16 – Use Solid Servicing Procedures#17 – Understand When Laws Apply#18 – Get Self-Directed#19 – Spread The Risk#20 – Know When To Fold#21 – Be Creative If you PM me here on Bigger Pockets I can send you details on the individual tips.