@Clinton Davis Please note in Tennessee late fees are capped at 10% of the past due rental amount and may not be imposed until after a five day grace period.

Our state law states "An owner may impose a reasonablelate fee for each month an occupant does not pay rent when due."

These taxes are only imposed on short-term rental stays, so the trick is to find the number of nights considered an STR in the city.

Docusign wouldn't work for this, and I have concerns about the true security of Dropbox and similar cloud storage (contact support for any of these providers and the support person almost always has complete access to your files - doesn't feel secure enough to me for storing borrower social security numbers or statements with bank account numbers visible).In researching how other private lenders are operating, I see many of them have custom websites with (assumed) encrypted backends - as a small lender, the cost of custom web presence is prohibitive and probably unnecessary until I reach a higher deal flow.So am I overthinking this aspect?

I don't want to cause unnecessary conflict now if they are going to be staying in the home a while longer.

I've seen 3 neighbors the past year try to impose new restrictions on investors from increase HOA dues/registration fees, etc. 

I self-manage and invest in the Capital Region, and you need to be aware of the micro neighborhoods as you do anywhere, but there are some places where the municipality has additional ordinances in place that overlay the already restrictive legislation imposed by the state.   

Steer clear of Easton PA, as the city itself is requiring a ton of expensive and unnecessary tests and reports to pass inspections.

Why use so many fancy words and unnecessary phrases instead of clear, direct language?

I'm realizing it's not about avoiding turnover completely...It’s about choosing tenants and agreements that make turnovers rare (or even unnecessary).Curious if anyone else has made changes like this?