I operate 14 properties from the same checking account.

Daniel,Memphis is a great market for investors and we have continually seen growth in both rental rates and property values. 

There are companies out there who are touting 'inexpensive alternatives' but please spend time checking their BBB complaints and standing with the state - pretty ugly results.If there is an upside, it is that our year-over-year rent prices continue to rise in almost every market as does appreciation.  

Verify with the city.Personally it makes no sense that an LLC would be able to operate without being onsite when it is required.The only thing that sticks out is the grandfathered in statement.

It is mid year and this tenants mom (co-signer) wrote the following note;I am writing to formally request the early termination of my child's lease at location in San Jose due to a medical illness that renders him unable to continue attending college.

Most operators post on multiple STR OTAshttps://www.biggerpockets.com/airbnb-calculatorGood luck

If I had a good tenant and they continue to be a good tenant, I don't care where they legally get their money from.I agree that most S8 do not meet my criteria even without considering the source of the income.However, we have another policy that also works against S8.  

They'll probably also want to be sure that you are competent to operate the property afterward, because their reputation is tied up in who they do business with, and it's bad for everyone if the property becomes devalued.

With less experienced or just poor planning operators, it isn't uncommon that they spend years distributing all the cash out to the owners, and then the time comes for a multi million dollar refresh to maintain the hotel brand, and no one wants to cough up the money back into the entity.

Minneapolis is operating at about 50% PD staffing now due to the collective stupidity.