I do not think they regulate this strictly on other industries like food service, or even medical.Sounds like the mayor or city planner or someone "important" had a bad stay at a STR somewhere.

An umbrella has nothing to do with those circumstances.I think some people hear umbrella and assume it's some sort of magical insurance that will protect them if anything goes wrong. 

Quote from @Jace Perry: Quote from @Mike Grudzien: Jace,I was just thinking about CR. 

I was also thinking of looking for seller finance deals.

I think this ESA insanity eventually implode on itself.

Do you think that sounds like a good plan? 

I think property managers can.

Or if the sponsor of your investment is doing a good job they should have answered all questions you could think of before you even have to ask.Check out my reply on page 1 of this forum thread:https://www.biggerpockets.com/forums/960/topics/1185204-ashc...I have a few questions listed there that you should ask.

I think it would be better just to stay on good terms and let him know you will contact him when you are ready to sell.

I don't think I'm ready for our of state investments but who knows!