In fact, the law says she is supposed to request a "reasonable accommodation" and get your permission before moving the animal in.

I worked with one and that experience is the reason I now own my own PM company. 

Quote from @Alex Evans: Memphis is a great city to invest in for all 3 reasons that you are asking about! 

Also Mid-Term Rentals to traveling professionals, people displaced for insurance reasons, or doing a renovation to their home and needing a place to live for  3 months or more are also possibilities.

And SE tax never applies to rentals anyway, so you have two reasons to not worry about it.

There's a reason GPs make what they make & why LP make what they make.

@Chris Seveney I for some reason recall when I lived up north in some locations heat went out and if it was longer than a specific peroid of time it would deem the unit uninhabitable - but I absolutely have been wrong in the past.

There's no reason to provide details, though I do let people know if anyone asks that we do not accept bulk up-front rent payments or anything like that because I absolutely do not want a prospective tenant to think that someone else swooped in with a bunch of cash last minute.

I tell ya those things grow legs every 2 years for some reason.

To off-set the depreciation recapture, it would seem reasonable for me to request a concession (e.g., more shares) that's outlined in the Operating Agreement.