Now it appears they can set up a Fincen Identification record which puts the pressure on the partner vs the partnership but penalties could still accrue.   

Sometimes the market changes or can't absorb the rents that they want, so they issue concessions to make it appear as if it's performing as intended.

If tenant fails to appear you might win right then.

The only place this would appear to make sense is in Class D neighborhoods which could cash flow.You have rights to income but nothing else - sounds like an unsecured note at the end of the day.Chris you make good points.  

In Midland, we found one duplex that sold earlier this year and one that is currently on the market, though it appears a little overpriced. 

@Tom HallAt 7% if you can I would pay it down as investing it net after tax gains may not get you the 7% you are paying - so it’s less riskDownside is you lose liquidity of that money as it’s tied in your propertyIf rates come down in future you can refinance and even take some of the cash out.Regarding your question are rates coming down, a lot of factors come into play but right now it does not appear there will be significant changes to rates over next 3-6 months.

Now it appears your cleaners might be cleaning non-STR properties also (home owners).

These contracts are both dated 2019 and appear to be lease agreements for solar equipment that I, nor the mortgage lender, were ever a party to.

They don't care about doing the right thing they care about hooking, selling and maintaining appearances just long enough to win business. 

It appears that fincen has neglected to update (at least) that page.