You could play the game of deleting a tenant's account and then re-create, if they get back on track...

The method for putting self on payroll is related to S-corp structures, that is most often advantageous vs LLC.Or, you could play the shell game, which is as advanced level structuring as one can get and seems like over-kill unless we are taking 6/7 figure BK. 

Even market tenants here are lifers, so they know how to play the system if they want and almost no amount of screening can help that - it's just a quirk of this area from what I can tell. 

If you are going to play the trustee sale game, this is the hardest part...A preliminary title search would have revealed any outstanding utility liens.

I can go over them in detail with you if you like, but essentially 1) You have to know where to buy.  2) You have to be very aggressive when something comes up that meets your buy box.  3) You have to play the long game.The market is still red hot for STRs out here.  

Install a super loud, hidden stereo system in the property and play the Macarena on repeat 24-7.

You have to play the game with each and every seller.

Then of course comes into play the reputation and level of service of the rental company.

So again, play the long game and add to your cash flow with low risk is the play here.Are there higher returns out there, sure.

This is also the scenario where LTV finally comes into play – the higher the LTV, the higher the amortization, the lower the COC.Cheers...