Trustees are paid a small fee per case I believe and then a percentage of what they collect so the amount of work for a $500 or $2000 deposit when legitimately owed to the landlord is not something most Trustees are going to pursue.

The title is dramatic, but I do wonder if your typical mom-and-pop that's just starting out is going to be able to build a legitimate (cashflowing) rental portfolio in the current market with large institutional buyers snapping up everything in sight with cash at higher prices than ever.The 1% rule is all but gone where I'm looking.

I just had my 1st LLC filing sent to state, one reason being for liability purposes and another reason is because I thought having a company name would help me to appear more legitimate to a home owner/person I’m trying to do business with. 

In all honesty most condos and communities are already hip to the game of the STR investor and it is becoming increasingly difficult to find those legitimate opportunities that are allowed by the building's HOA.

For an LP to be filed, and be legitimate, there has to be an underlying law suit filed.

However, you have a legitimate claim for 1/2 of the deposit since that is your actual losses.

If you can legitimately get $400/month with only leaving $5k in the deal, that is solid.

Legitimate lenders will not ask for up-front money.

I just wasn't sure if an extra bed (without a legitimate room) would actually increase what I could make in the short term rental sphere. 

@Thiago Oliveira - have you seen any legitimate private lenders offering rates that low?