Also, with the new beach regulations in Okaloosa County, the beach section where the beach service for Destin West can be set up has been narrowed significantly and the Island Hotel amenities and beach area are no longer available to Destin West guests to use.

So, yeah, I get it, it's been a good setup for both parties.That being said, (and perhaps this is my naivete coming into this new space) the fact that after all this time they decided to outsource the lease renewal negotiations feels like a "them" issue and like a one-off fee.  

This setup might not be viable for most investors, as offering rent-free or low rent significantly cuts into their returns, especially with you staying long-term.

I wouldn't want to do a tenant placement myself, certainly not yet unless I had a lot of properties to setup my own company for that, there seems to be a lot of potential liability there related to discrimination accusations, etc and I would prefer to not answer a bunch of questions as the owner, I would rather have someone else do that who is less attached to the property.

I am concerned about where all this data is storedThe tenant puts their information in MyRental.com after they setup their account.

Especially if you find the right property that is already set up well for an ADU.

@Levi Perl do the research, you can set up an auto alert for apartments for rent in your area to keep current and see actual units at that price.

Most of the supply houses will allow you to set up a credit account based on personal or business credit. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

The check book control package look attractive, at $1095 after a July 4th $200 discount :-) https://www.broadfinancial.com/self-directed-ira-plans-custodian-checkbook-control/I will need to set up one with pretax 401K , then another with after tax Roth IRA, so, want to make sure to control the expenses/cash flow of start up costs.