Is that standard practice from the research you have done?

To learn from others, and part of that learning is to understand what operators are not operating at the highest standards.

Doubt this is the final version as the "smart" people in the city understand Detroit is coming back and needs to keep welcoming investment instead of putting up roadbloacks:)As many STR landlords have learned in other cities and in oversatuarated areas, it's always good to have a backup plan!

And you are not using the correct terms which is understandable but makes it hard for us to respond.

I'm wanting to expand my understanding on note investing a bit more. 

While this is all good and fun, I understand that there is some criteria to meet when I eventually move out and have to apply for a rental license.

I would explain this CLEARLY to them so that they understand you are not responsible to guaranteeing them a perfect experience.

If not cured, it’s my understanding they are then in default.

Understand Proposition 13 for property tax benefits, local transfer taxes, and strict tenant and rent control laws.

Dalton, I completely understand how frustrating a low appraisal can be, especially when your CMA supports a higher ARV.