Honestly, I would not sign any lease until you positively close and legally own the property.

Always curious how others strategize around that.Great question, I make sure that I can hold on during those tough times and don't take on too much that I can't chew.I always try to have a longterm vision and think of the property in a 10-20+ year viewpoint.

Be honest. 

And honestly it boils down to money , thats the bottom line .

@Kevin Collins you are asking for advice and I am taking time out of my day to actually give you a different view point in an attempt to help and assist you but you are upset it doesn't quite conform and confirm your thoughts in the way you expected. 

Some honest little birds might have mentioned a few things….

I would like some honest opinions/ experiences from everyone about my crazy plan!

I have a few over 100 years old.they come with their own unique problems, but to be honest I think they have some advantages too. 

And honestly, even a DSCR loan by itself, under an LLC, also doesn't provide much shielding. 

So I would suggest keeping your STR property geographically close and doing as much as possible to keep your profit% high as possible.As far as the actual house you use, I would just say - be honest, be fair and strive for the best area, most amenities, cleanest house, best communication, and any other extras you can get.