Verify with the city.Personally it makes no sense that an LLC would be able to operate without being onsite when it is required.The only thing that sticks out is the grandfathered in statement.

So far it sounds like we will just need to verify via a CPA, which is fine, if that is what we need to do.  

I came across this forum as I have recently been made aware of an identity fraud committed under my name and my company’s name.Further to the above discussion, I would like to provide you with the following facts and comments:1. 

Question, I'm rolling through listings, and of course I see a bunch of rehabs that are identical.

Verifying last 2 years of rental history very important!

The fact that you already have multiple units fully rented is a big plus.If I were analyzing this, I’d start by verifying each cottage’s rental history, condition, and potential for adding more units or amenities.

3) Keep Damage protection off but use Hospitable to markup VRBO bookingsGuest VerificationUnlike Airbnb, VRBO does not have a toggle to say if the guest is not highly rated or verified they can't book without approval.

Might want to check with a local attorney to verify. 

This straightforward process allows you to verify encumbrances before considering a property investment.Alternatively, engaging a title company can offer a more comprehensive approach to uncovering liens.

The first thing prior to this would be to verify this is a good tenant, check the lease, and confirm with the owner with a payment ledger that they have been paying on time since they have been there.