I offered to work out a plan with them, to which they said no or ignored on other occasions.

The realtor who represented both parties talked to the tenant multi occasions and mentinoned to him that he was getting a heck of a deal and to expect rent increase going forward.

I've been told on a few occasions traditional banks will not lend in an LLC, for an investment property to purchase land AND fund new construction - is that not true?

On two occasions, they even went until sunrise.

We have had multiple occasions where what you mention has happened - original renter moves out, and now you have people you never vetted occupying the property.  

I can't imagine it's needed in North Carolina, South Carolina, Florida, Utah, or most other states except for rare occasions.

TrustworthyThere have been occasions of dodgy property managers dipping into trust accounts.

These can sometimes take additional time and effort to verify, but this is definitely another variable that would be very difficult to automate, without missing out on some decent prospects.Honestly, there have been many occasions where I showed a unit in the morning, the prospect brought their application and docs to our office after lunch, I processed the app, reviewed and signed the rental documents with the applicant, providing them a copy, collected cashier's check or money order for funds due, and moved them in before the end of the day...checking and responding to emails, phone calls,and other business in the interim.

I have, on rare occasion, offered multi-year with specified step-ups every 12 or18 months, but ONLY to very long term tenants that have paid timely and reasonably maintained their residence, and with full discussion and approval by my Client Property Owner. 

I am not a fan of airbnb, but as a hosts they have sided with me on a few occasions.