You should also ask for estoppel certificates signed by tenants, which confirm lease terms and prevent disputes later.

It'll be money well spent, prevention is always better than paying for the cure. 

I havent read up on this particular scenario in a while, but it's worth digging into beforehand to prevent a mess. 

I personally work with them as a client & can agree that the different activities can be separated in order to prevent additional liability to reduce risk. 

Landlord has informed Tenant of the need for prevention of moisture in the Premises and on good housekeeping and ventilation practices.

We spend $1,000/ mo on fraud prevention. 

With this kind of lopsided growth, you'd be completely prevented from pulling out equity and using it to finance more purchases without being buried by negative cashflow.

These laws are in place to prevent misunderstandings and protect everyone involved.When drafting your contracts, make sure they allow for assignment.

That said, just like with the competitive short-term rental market right now, there is always demand for a place with style and amenities in a good location.You've got a good location, but I guess I'd worry that whatever was preventing your STR from thriving would likewise hinder your MTR.We have an MTR condo in Denver and two 4br MTR homes in Colorado Springs.

Monthly fees, maintenance fees, monthly reporting, tenant screening, preventative maintenance, timely billing... it's not easy to find a company that will take care of your baby and spend your money like it's theirs.