(lease says no more than 10 days in each quarter.)

Cool, if you do your job as a responsible landlord (follow the tenant laws), choose your tenants responsibly, and not be a slum lord, there is no more risk then there is anywhere else.

In addition to gross monthly income 3x rent, I also use a second criteria of rent plus monthly debt payments no more than 45% of gross monthly income.

Retention systems, fire sprinkler systems, firewalls, fireproofing, etc.Your land should be no more than 15-20% of your total project.

I could care less when this happens in my properties.The most important issue here is replacing those singles and making sure there is no more evidence of foundation issues near the sloped floor. 

They retained their permit after the changes, but if they ever sell, then the permit is no more and the STR is taken out of circulation. 

No more excuses for myself.

Do enough to get to market rents and no more; overimproving is money down the toilet. 

The relevant text from the law is:(B) A LANDLORD, LESSOR, SUB-LESSOR OR GRANTOR MAY CHARGE A FEE OR FEESTO REIMBURSE COSTS ASSOCIATED WITH CONDUCTING A BACKGROUND CHECK ANDCREDIT CHECK, PROVIDED THE CUMULATIVE FEE OR FEES FOR SUCH CHECKS IS NOMORE THAN THE ACTUAL COST OF THE BACKGROUND CHECK AND CREDIT CHECK ORTWENTY DOLLARS, WHICHEVER IS LESS, AND THE LANDLORD, LESSOR, SUB-LESSOROR GRANTOR SHALL WAIVE THE FEE OR FEES IF THE POTENTIAL TENANT PROVIDESA COPY OF A BACKGROUND CHECK OR CREDIT CHECK CONDUCTED WITHIN THE PASTTHIRTY DAYS.

@Chris Mason I actually just talked to a different lender that my agent recommended and he gave me an estimate of no more than $6500 for closing costs so that is a substantial improvement.