Sure, but for every bad contractor there is also a bad investor/ home owner that has not paid a tradesman upon completion of a job.

We all know those that get on BP that are LPS and now own 5000 units or Co GP with no real ownership etc.. so those are legit questions to bad OP got so defensive and did not just answer the questions. 

What @Jay Hinrichs said - I always preach on here that it is far better to have your place sit empty than to have a bad, or even dubious tenant.

Another work around that isn’t discussed much is working on a strategy with your insurance company to protect your other assets in the event of a claim.But also, it wouldn’t be a bad idea to consider getting the financing into your LLc name with a community bank and pulling cash out if you have substantial equity.Right now, since the loan is in your name, it shows up on your personal credit report.  

I've read a lot of bad information on how some gurus are promoting techniques that are flawed at best, fraud at worst.

I actually know other investors from Singapore that got burned very badly in this market.

Others have little/no experience and will give you bad advice that takes you down the wrong path.I recommend you focus on educating yourself while saving more money. 

Probably even more from the bad deals..Long term you are better off with better real estate.

I would not wait for something bad to happen.

Here are some reasons: if the OTA gets too much market share that is bad for hosts and guests.