If you have a loan, then you will have to get a new loan to buyout and ensure the other party is not on the loan.

If you are using a third-party site to conduct the background checks, sometimes they have the option to send a person, a denial letter, and due to the fair credit act it may be required to send them a notice, informing them that you checked their credit and background so that they have a receipt that it was completed.

., no parties, gatherings or additional overnight guests).

The pref layer is a third party institutional player.  

This will be for my excellent service as a landlord.Just like a restaurant does when you have a party of 8 or more - they add a mandatory tip.Doubt there will be any laws against this, at least initially.

-how is management split among you, PadSplit and any other third parties?

That would be a situation where you have a joint brokerage account with a family member(brotheror sister, etc) or for example you own a piece of real estate with another party.

https://www.donotcall.gov/report.html I am getting so many text messages, both political parties as well as from people wanting to buy my home...

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

You are right 100% Owen, the landlord will be listed as additional interested party NOT additional insured.