Just my 2 cents.I think there is a balance. 

I don't even think its worth a sub-toSounds like you spoke to collections (who will tell you anything to get money) and not loss mitigation, as paying back due balances are NEVER part of a short sale.

We do all our loans as balance sheet loans, so that means short term fixed rates with 20yr amortizations and 20% down. 

I generally prefer higher since I don’t plan on putting in small claims, it’s basically just for catastrophic loses and the savings in premiums over multpiple properties for multiple years should balance that out if I have ever have to use the insurance.

Balancing everything you're doing is impressive.

Detroit has one the highest rent to price ratios in the country…and we focus on the best balance of price/location within the area.Here is a picture of my portfolio if you/anyone is curious.

When interest rates rise, in a balanced market, rents should rise, as the alternative to renting - buying a home - becomes that much more expensive.

Like anything it has to stay balanced but small gestures go a long way in reducing turnover and mitigating many "would be" issues. 

Major cities where STRs have only began rising up and gaining public spotlight with the rise of AirBNB are more likely to have more shifting and less stable regulatory environments since those areas are still in the process of trying to find the balance for STRs within their markets. 

I agree on the professional partnership with my parents and I’m looking to discuss more with them to find the right balance!