You may be able to find a law firm which handles both foreclosure defense and probate issues and perhaps mitigate the total expenses.  

In fact, the game was not about making money but rather mitigating the losses.  

But if costs to hire a professional to mitigate damage are still under the security deposit amount, I suggest you go with that route as that provides a third party to verify that there are damages present and cost you money to take care of them vs. tenant perceiving you as making up damages and repairs which you supposedly repaired.

Additionally if you have a windstorm mitigation inspection report or devices you can receive a discount on the premium.  

., that's an awesome success story and definitely helped mitigate much of my reservations for acquiring the property.  

Some banks are starting to realize that many wholesalers are using land trusts so this mitigates some of the benefits.

The great thing about working with a lender on a multifamily is it is an income producing asset, unlike a single family, so to them, this helps mitigates risk and banks are all about mitigating risk.Also, you mentioned that the 2 prior year tax returns show lower income than you currently have now.

I don't follow your advisory, if you follow the laws, pay your taxes, and buy a place that allows for these types of daily rentals, the risks are mitigated. 

This just mitigates the risk that a renter will expose the material to too much moisture because they aren't going to be as conscious about it as a homeowner may be. 

They seem to cost a bit more, but seem to have a better built in mitigation factor for stability of income.O WOW, thats insane!