It really is helpful to have a more experienced perspective. 

However, older instances are to be considered more holistically, suggesting a more lenient approach to past financial or rental difficulties as time passes.Exemptions and Protections:Certain properties, particularly older houses that cannot easily be brought into compliance with current codes, are exempt from some source-of-income rules, acknowledging practical limitations in applying these rules universally.Landlord Liability:The ordinance provides protections for landlords in terms of reliance on third-party information to reject a tenant, mitigating potential legal risks associated with tenant selection processes.Fair Housing and Legal Compliance:All considerations of prospective tenants' applications must align with fair housing laws and other state and federal legislation, reinforcing the ordinance's compliance with broader legal standards for housing discrimination.

There are already tenants in place and I am trying to get things to a more professional level.If we set up a bank account that is ONLY for rent payments, can it be a personal account or does it have to be a business one?

The desert of New Mexico is a more subtle beauty, brown and dusty, with all sorts of critters she wasn’t accustomed to.

If you brought a bad deal because you brought on emotion, learn to take emotion out of the situation and research the numbers more to know what is a good deal and what isin't.Look at the past sales(90 days) of the area that you are interested in buying.Understand what is a good price per square foot and know what streets are good / bad.The wealth in real estate are made when you buy and when you hold.If you buy bad, it makes it a more difficult process.Best of luck

I think most of the ones I have come across are either a) Very well off, and diversifying, or b) much later in their careers and they are using a vehicle they know (RE), just in a more passive way. 

However, the realtor that I’m working with (has properties in surrounding Jackson area) has a more “renter ready” approach because renters tear things up anyway.

If you have not then going from never doing this to managing a more management-intensive strategy like co-living may not be a good idea.

But once in a while, when the BS gets too thick and my eyes start to water from the stench, things need to be aired out and I will disclose these things in private in this discussion to someone who questions that I am who I say I am, or whom I think is not being fully truthful. 

Sam - did you ever find a more cost effective solution to this than SaniStar?