LOL, Thanks Steve, perhaps "license" gave the wrong impression.I've mentioned it several times, #8 was not intended as a requirement it was an option.You're right to Steve, acting in some acts with a license is clearly a conflict.But, consider an RE agent receiving a commission on a property they purchased and representing himself.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

I would consider an alternative structure if possible.

Might want to consider an easier one if this is your first time.

What would you consider an acceptable credit score? 

(In some jurisdictions, a landlord cannot consider an arrest that did not result in a conviction.) 

Consider an addendum to the lease contract extending two weeks. 

@Zach Schwarzmiller If i were you I would consider an upgrade sooner rather than later.

It falls more in line with what I would consider an opportunistic strategy vs. a value added strategy.

Here is some hard data from what I consider an aggressive portfolio.Prosper Notes:Total active notes: 423 Current: 406 Past due (1-30 days): 9 Past due (31+ days): 8 Payoff in progress: 0Total charged-off notes: 53Total notes paid in full: 226Total notes sold: 8Prosper Returns:Overall 8.50%2015 11.79%2014 8.98%2013 10.07%2012 10.08%2011 (Prosper Dark)2010 4.13%2009 7.79%2008 7.91%2007 1.68%2006 6.86%Lending Club Notes:Total notes 413Not Yet Issued 14Issued & Current 282In Grace Period 3Fully Paid 76Late 16 - 30 Days 2Late 31 - 120 Days 7Default 2Charged Off 27Lending Club Returns (NET Adjusted):Account 1 - 11.29%Account 2 - 7.53%You can see that Prosper has proven itself in my mind and my returns have increased as I've learned what types of buyers I prefer.