Hi fellow investors,I have several owner-financed mortgages in my portfolio with interest rates of 10% and higher.

@Richard Bautista Out of state Section 8 rentals is a transactional fee collector where everyone eats except for the owner.

If they are renting have you checked with owner?

I'm not sure if you're aware but STRs are not legal in JC unless you the owner live in the building 

Investment properties pay more property tax than home owners.  

For example in many jurisdictions I can STR units in a duplex but cannot STR an ADU (some jurisdictions will let you STR if you owner occupy).

I like smaller companies whose owners are not brand new but not old and burned out either.

So he did a non allowable assumption to get around non owner occupied rules and it bit him in the ***.Karma....

Fellow STR owner/manager from TX.I do think there is value in having some pre guest documentation in the event that you have a guest come in and make false claims about cleanliness, etc. 

If it gets rented the owner will update the listing with a new available date; if this moves by 30 days or more you can reasonably assume it was rented.