While the company's legal counsel is confident in their financial stability, having a guarantor ensures that you're protected if the company fails to meet its obligations.

Let's say you rent it to an operator, and their business fails, but they leave all the residents in place. 

So many people purchased in the hopes they could get in on the cash cow, but failed to see how temporary those profits would be.

It would depend on laws in your municipality, but if you are going to allow pets in your unit, here are a few thoughts: are you going to have a size/weight restriction, and possibly a restriction on breed type? 

I come from a jurisdiction where you claim can be declined if you fail to show proof of tenant screening documentation especially for property damage by the tenant. 

Mr 605 credit will not dive as much if he fails to pay you money owed as it is likely his score already reflects an occurrence or 2 of not paying his debts.  

But ultimately this could fail and I could have to move back to KY.

They fail to account for their personal time.

I have failed with the google docs method and my last time tracker was too complicated for that I needed.

If you fail to follow the rules, you may open your personal assets to a lawsuit.