I'm fairly certain if he was required by probation/parole to register as an SO and he didn't, there will be a warrant for his arrest.  

@Armando Carrera research and develop your own typical tenant qualifications so you don’t accidentally violate fair housing, landlord/tenant or local laws on occupancy limits based on bedroom quantity/size required for kids, number of unrelated persons in one house, etc.

Ensuring that you have, and continuously maintain, a safe property for guests, is barely even an afterthought for most STR investors.

Some of our tenants have no idea how to maintain or clean an apartment.  

Pricing, usually when builder finishes a house, especially towards the end of closing out a community, their motivation to sell is extremely high because they have to maintain the staff there until they sold the last house in the community.

I am assuming the standards are fairly similar.  

All major systems have been well maintained. 

3% on a commerical new build seems fair, they aren't easy loans to get done.I wouldn't be paying anyone anything upfront however.

I consider myself fairly financially literate, and I had never considered this option.

It is fairly easy to develop a proxy for the class by looking at the DISCREN reports in VestMap.