Have you ever utilized seller or private financing to secure a property? 

We keep a daily updated list of all active and eligible STR's for sale and currently there are well over coastal Oregon listings for sale with vacation rental or STR AirBnB eligibility and generally focus on properties that can reliably secure a permit within 30-60 days of closing.

Why not put the vast majority into something secure, and take say 50 and do your first deal together?

He suggests a paid off primary residence, more than 1 source of income (real estate, retirement/after tax brokerage account, social security if old enough, part time job or business, etc.), and $500k in liquid assets. 

I require a social security number to run a credit/criminal background on every adult.

We have been served with a subpoena by the Securities and Exchange Commission.

In the event that you do have a true squatter its a fairly standard eviction process which is unfortunate but does happen in this business.On a preventative note if you have a vacant unit you can put in a security system that uses cellular and you will get notification if anyone comes in. 

I have a smart lock on the front and back door.However, most of my properties have security doors on as well (my STR does not) and it just isn't possible to have smart locks on these.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

Is the percentage rent from restaurant sales baked into the income that makes the cap rate look more attractive but isn't actually stable, secure income over the long term?