AB1482 says:“This property is not subject to the rent limits imposed by Section 1947.12 of the Civil Code and is not subject to the just cause requirements of Section 1946.2 of the Civil Code.

Whatever you can do to increase your savings or increase your income: cut out unnecessary expenses, work a side job, put money into a HYSA as opposed to a regular savings account earning 0.1% interest.

There are three degrees of separation… the 1040 to the K-1 to the 1065 to the 8825.Downsides include the additional tax return preparation fees and perhaps unnecessary state taxes such as California’s franchise tax and LLC fee which can be summarized as money-grabs or pleasure to do business in our state fees.

They don't have an incentive or fee to enable them to blow me off, do unnecessary work, or otherwise nickel and dime me or the tenant. 

Yes, on the part of the lender, they can do whatever they want, However, an individual's debt can not be imposed upon another individual.

I know some markets like Traverse City and Charlevoix are imposing STR ordinances to control the number of rental properties which is a bit concerning.

We have try to accommodate all the items she pointed out, but this seems to be unnecessary.

There may be some sanctions imposed by Section 8 if they were to find out, but I doubt anyone is going to go to jail for this or be charged with a felony.  

Plus, you want your lease agreement to fit your business model, help you to reduce costs, provide for compensation from the tenant for administrative burdens imposed on you by tenant acts or omissions, provide for procedures tenant need to take for maintenance and other tenancy issues, etc.

Don't forget this is potentially incentivizing the PM to have unnecessary repairs done.