@Austin Fogt yeah, in theory, except in reality the chance of finding knob and tube wiring that isn’t disturbed is zero, because all of it is at least 90 years old now and has been altered or has had insulation added around it.

There is no law or higher appeal in AZ to alter HOAs limiting and preventing STRs.

Alters how holding costs, costs to close, etc. are reported. 

If this continues to be  problem,  you can alter your Tenant Lease contract to state that you only accept rent electronically. 

When you alter an application in any way, it could be construed that you tampered with their application.Third, it sounds like you did not yet finish the screening process and had not yet denied them.

The only one that you adjust for Section 8 is the take home income requirement which will be altered based on how much of the rent the tenant needs to come up with. 

Someday I'll get one.Then you may create an LLC for the property and create a friendly loan from a second LLC to limit the available equity in your property.The less asset you have, the more you have to protect it as its loss will create a major burden for you.On the other hand if you have 20 properties and you lose only 1 it won't be a major life altering event.

I'm not interested in paying high interest rates for nonconventional financing, and I'm not interested in having a due on sale clause hanging out there that could jeopardize my current financing and dramatically alter my calculations on a rental's profitability.The idea of leasing the property to an LLC with a master leaseholder agreement and then having the LLC sublease the property to the tenant is an interesting idea that I have not considered.

The thermostat system is called Vivint and it has a damper that alters the airflow to cool off the hotter floor of the house.

They could make you undo all the alterations and hit you with fines.