Based on the details from the clerk of courts, it appeared that the investor was attempting to hide assets and refusing to turn over documents, one of which was copies of all renovation agreements. 

The key is making sure you meet the material participation requirements and properly document everything.

More time/paper/brain burden than financing with a local bank.Seller needs to have better documentation and cleaner books generally.

Are some LLCs exempt from submitting this info?

.- Submit a strong first offer.

Thorough documentation helps if there are any disputes about damages at the end of the lease.

We also can't have renters dealing with the humidifiers as it is a mold problem/foundation issue if it isn't taken care of.We are taking pictures and videos of everything, we have multiple professionals that have documented everything (and told us to lawyer up) and have neighbors that we have already had agree to discuss their drainage problems when we get a lawyer.  

Has this person submitted an application because my qualifications are strict and a lot of time the person doesn’t meet the basics so the esa doesn’t even come into play.  

This document will memorialize the terms of your agreement, what your fee is, what your involvement will be, and dates for everything.

For traditional conventional financing, you won't be able to document short term rental income with AirBNB or VRBO reports.