As someone who has hired and worked with many, I’ll tell you that these employment opportunities are great for both sides, just as every business transaction should be.

@Alf Holst another way to achieve what you want is to give preference on occupancy to those employed in town.

I was wondering if there were risk mitigation strategies I could employ.

The company's legal counsel has said a guarantor is not needed, citing the company's annual revenue and an employee, effectively, being unwilling to cut a check on behalf of their employer if it came to that.

Why would you care if your tenant is self employed, or worked for someone else and thus had a different work address?

When you start to get to $700/mo you might see more people with less stable employment and part time employment since that’s $2100/mo in income.

Active management, however, can be seen as employment, which you might not be permitted to do.Forming an LLC: Forming an LLC itself is not typically considered employment.

I'm curious if anyone in the Los Angeles area has employed this strategy? 

https://investor.vanguard.com/investment-products/cash-inves...Since you can put away $130 per week, I'll assume you're employed. 

If you're self employed, you could add it to a self directed IRA.~ Lindsey