I came across following idea from internet about buying defaulted mortgage notes directly from banks.

The simplest way to deal with this situation is non-renewal.

, do not allow that as you are not the LLC and only a lawyer can represent an entity in court, while non lawyers can only represent themselves in court). 

All it takes is one non-payment or messy eviction to set you back months and even years in cash flow.

its very easy.. tehre are 35 states that do NOT require any license to do NON owner occupied loans.. very simple  talk to local attorney have them prep your note and mortgage and your good to go.. should not cost more that 1k or so for the docs..

Our pet deposit is non-refundable which is what I generally would recommend (assuming your state and local laws allow that).

I think you should explore local and non-local CPAs before making a decision.

I have non-english speaking tenants, and they registered the tenant portal to pay by ACH (so no fee).

STR insurance provides broader coverage, including liability, property damage (even non-guest-related), and gaps Aircover might not cover.For damages caused by guests, document everything (photos, receipts, estimates) and file a claim through Airbnb.

I don't want to go back on my own word in any way, obviously, and had stated the lease was for a year.Now I plan to use apartments.com going forward for leases and rent collectionThe newest lease with a different tenant is plainly non-renewable and requires a new lease to continue tenancy after a year and outlines fee costs.