People do rent them separately in the neighborhood, but all it takes is one tenant complaint, one insurance issue, or a refinance inspection for it to blow up.

Well the nicer properties are actually paying more then they would otherwise because they have less maintenance issues, whereas the worse properties are technically paying less because they have more problems. 

Their technical support does well at responding to any issues.

If the property was transferred from an entity they control, that can trigger related-party issues 

We have had multiple transactions in the building in the 10 years we’ve been there, and no issues with any lenders previously for 80 percent first position stuff (including our own).

: we finally arrived at a consensus, for the most part.For my fellow tax professionals and other tax nerds: let's resist our natural temptation to debate the highly technical details here.

Technically the 2nd lien slid into FIRST Lien position when the superior 1st lien got paid off and released.

For example: If you're in contract this week but cannot get an inspection or appraisal ordered before Thanksgiving, chances are you're getting them (and any issues) back with just a week or two to close - and a week or two to launch and get bookings.

Can they provide warranty, receipts if there is issues?

It’s technically possible to qualify for Real Estate Professional (REP) status with out-of-state rentals, but in reality it’s very tough to pull off.