Much better than a legal filing or media attention. 

(Property Meld for one)--- Owners often think a PMC can just enter a tenant's home to make repairs, but don't really understand the potential legal issues of entering when a tenant is not home.--- Owners don't understand the percentage of maintenance appointments tenants miss!

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

Do not rely on it for legal advice.

Maybe they've been burned by landlords in the past and are being very careful.You can legally reject them based on personality, facial tattoos, body odor, or other factors, but you better make sure you can prove that it wasn't based on any protected class like race, religion, familial status, etc.

Legal Protection – It's important to have a solid contract in place, typically a promissory note and a security agreement that outlines the loan terms, interest rates, repayment schedules, and collateral (often the property being financed).

If you are not out by the deadline or the property is damaged, this agreement will be void, and the Landlord will pursue legal means to evict and collect all unpaid rents, plus any other charges owed."

I've always been able to find my STR clients investments that are legal and whose numbers works.