You can have the best operator who has the the highest degree of ethics, and you can still lose your money.

If you've spend more than one week in any market (I'm primarily in Indy and in the midwest) then you've seen:- Houses that are "pending" and the realtor thinks closing is coming but it is being fished out- MASSIVE spam and abuses of people that get HUNDREDS of calls a day from "wholesalers"- The same deal advertised with 10 different prices- Sellers who are lied to and taken advantage of- Wholesalers lying about values, rents, etc.Yes there are ethical wholesalers for sure but our collective immune system should be stronger and there shouldn't be so many people like this. 

It's important to be ethical and considerate in your dealings. 

I'm passing that treatment on to my tenants and guests. 

Evidence may include:two months consecutive bank statements or electronic transfers of rental payments for existing lease agreements, orcopies of the security deposit and first month's rent check with proof of deposit for newly executed agreements.See Treatment of the Income (or Loss) below for further instructions.

The only permit requirement is for sewage treatment.  

Clients always appreciate that, it is ethically and morally the right thing to do and frankly, it will make your business more successful.

In 64, Main was the last state to allow attorney’s to accept contingency fees, 77 in Bates vs State Bar of AZ the door was opened to attorney advertising, in 83 the ABA changed its ethic rules changing the standard for ‘frivolous’ lawsuits, and from 80-00 the Civil Procedure rules which limited the capacity to bring lawsuits without clear and stated causes were transformed to allow cases that would have been tossed out of court to go forward.

I don't think it's all about work ethic, as Mike Rowe likes to say.

If you decide to do this make sure to plan ahead and track the income and expenses separately for each unit since LTR tax treatment is different than STR.