They’ll call you daily, which is actually helpful since it keeps you updated on your loan status and shows their commitment to meeting the closing deadline, as long as no unexpected issues arise.

Consider using an addendum to address these issues.Tenant acknowledges and agrees that (1) tenant assumes responsibility and liability for any injuries or damages that may occur resulting from or caused by the furniture or the use thereof; (2) Landlord shall not be liable for any damage or injury to persons or property caused, directly or consequentially, by the furniture or use or misuse thereof; (3) tenant assumes the risk of injury or damage by any unknown furniture conditions; (4) Tenant shall properly warn any persons on the premises of any actual or potential dangers relating to the furniture; (5) no person other than the tenants and authorized occupants and guests may use the furniture; (6) the furniture may not be transferred, leased, or sold and shall remain in the premises; (7) the permissive use of the furniture is not a right granted to the tenant and may be revoked or altered at any time by Landlord; (8) Tenant shall immediately notify Landlord in writing of any actual or suspected dangerous conditions that exist or may develop as a result of the use or misuse of the furniture; (9) tenant shall not use any furniture, nor allow the same to be used, in a manner not intended by the manufacturer and in a safe manner; (10) Landlord shall not be obligated to provide, maintain or supply any other furniture to the tenant; (11) tenant shall not make any modifications or alterations to the furniture; (12) tenant shall hold Landlord harmless and indemnify the Landlord for any injuries or damages suffered to tenant, his or her guests, family, invitees, occupants and any other person present with or without the permission of the tenant, arising out of the use or misuse of the furniture;(13) tenant shall properly keep and maintain the furniture and is responsible for any damage caused to the same, including but not limited to removing stains, cleaning, and repairing; and (14) if the Landlord sells the property, Landlord has the right to remove all furniture upon and in anticipation of closing of the property.

It also helps that I inform my guests that a starter supply of paper and plastic items are provided and ask them to replace any items they have used up. ( This may not be popular with others but I have never had a complaint and for the most part,  items used are replaced)

Contrary to popular belief, this is not set because I believe it will give me a higher return.

I had thought though, by the 2008 crash, I had seen it all, but I guess new scams keep arising.  

I am afraid creating an LLC for the sole purposes of a master lease will only complicate litigation in the event a claim were to arise. 

Other things I noticed:The IRS will assume you took depreciation even if you do not include it on your taxes.Depreciation recapture counts as income, not capital gains.Edit: There is a reason buy, borrow, die is so popular, no deprecation recapture. 

You can personally vet properties, meet your team face-to-face, and handle any initial issues that arise.

More than likely if a conflict arises in your real estate business it will be attributable to one of those occurrences. 

With most 90% LTV loans, there are significant cash outlays that are the borrower's responsibility outside of the funded loan amount including closing costs, carrying costs, contingencies that arise and of course costs associated with selling the real estate.