YOU should come up with a written plan and then supervise the implementation by your new employee.

I like the implementation @Richard Jeffries.  

We implemented some new systems to improve efficiency and will continue to do so.  

Protection of the investors lie with the SEC, as well as state securities boards; protection of the consumer/homeowner lie with the Consumer Financial Protection Board, implementing the Dood Frank Act as well as the SAFE act.  

Eddie,Nobody can argue with your strategy, there is nothing wrong with it, the only difference is, you personally have the ability to pay cash for them while others do not.In the case of the later, investors looking to create an income replacement via RE investing in a buy and hold scenario, would have a much more difficult time doing so and getting enough properties to generate that income replacement.That is why I suggested that newbies implement some flip strategies to generate capital for the buy and hold.

@Michael Matthews  Hey Mike, The following videos on YT are rather telling, and let's hope the PTB have implemented some form of serious 'penalty' for not addressing the MILLIONS of egregious errors still on people's credit reports?

First I found the right people (peers and colleagues) to surround myself with in order to get to that mindset, and then I had to hire the right people to implement my vision.

Then we started implementing & also made sure we had a continuous learning plan

Everyone lives the way they choose therefor the solution is obvious, whether he has what it takes to implement it is the question.Sorry Eric but if you don't man up and take control of your own life, regardless of the risks, you are at a dead end.

If raising rents is warranted, whats your thoughts on bumping to $850 initially for a 6 month lease, then raising to maybe $925 after A/C Cozy is implemented in the spring?