(g)Protection of medical information(1)Limitation on consumer reporting agenciesA consumer reporting agency shall not furnish for employment purposes, or in connection with a credit or insurance transaction, a consumer report that contains medical information (other than medical contact information treated in the manner required under section 1681c(a)(6) of this title) about a consumer, unless—(A)if furnished in connection with an insurance transaction, the consumer affirmatively consents to the furnishing of the report;(B)if furnished for employment purposes or in connection with a credit transaction—(i)the information to be furnished is relevant to process or effect the employment or credit transaction; and(ii)the consumer provides specific written consent for the furnishing of the report that describes in clear and conspicuous language the use for which the information will be furnished; or(C)the information to be furnished pertains solely to transactions, accounts, or balances relating to debts arising from the receipt of medical services, products, or devises, where such information, other than account status or amounts, is restricted or reported using codes that do not identify, or do not provide information sufficient to infer, the specific provider or the nature of such services, products, or devices, as provided in section 1681c(a)(6) of this title.(2)Limitation on creditorsExcept as permitted pursuant to paragraph (3)(C) or regulations prescribed under paragraph (5)(A), a creditor shall not obtain or use medical information (other than medical information treated in the manner required under section 1681c(a)(6) of this title) pertaining to a consumer in connection with any determination of the consumer’s eligibility, or continued eligibility, for credit.(3)Actions authorized by Federal law, insurance activities and regulatory determinationsSection 1681a(d)(3) of this title shall not be construed so as to treat information or any communication of information as a consumer report if the information or communication is disclosed—(A)in connection with the business of insurance or annuities, including the activities described in section 18B of the model Privacy of Consumer Financial and Health Information Regulation issued by the National Association of Insurance Commissioners (as in effect on January 1, 2003);(B)for any purpose permitted without authorization under the Standards for Individually Identifiable Health Information promulgated by the Department of Health and Human Services pursuant to the Health Insurance Portability and Accountability Act of 1996, or referred to under section 1179 of such Act,1 or described in section 6802(e) of this title; or(C)as otherwise determined to be necessary and appropriate, by regulation or order, by the Bureau or the applicable State insurance authority (with respect to any person engaged in providing insurance or annuities).(4)Limitation on redisclosure of medical informationAny person that receives medical information pursuant to paragraph (1) or (3) shall not disclose such information to any other person, except as necessary to carry out the purpose for which the information was initially disclosed, or as otherwise permitted by statute, regulation, or order.(5)Regulations and effective date for paragraph (2)(A) [2] Regulations requiredThe Bureau may, after notice and opportunity for comment, prescribe regulations that permit transactions under paragraph (2) that are determined to be necessary and appropriate to protect legitimate operational, transactional, risk, consumer, and other needs (and which shall include permitting actions necessary for administrative verification purposes), consistent with the intent of paragraph (2) to restrict the use of medical information for inappropriate purposes.(6)Coordination with other lawsNo provision of this subsection shall be construed as altering, affecting, or superseding the applicability of any other provision of Federal law relating to medical confidentiality.

STRs are facing a lot of regulatory headwinds and it’s very important to know what obstacles, taxes, and regulations you will face.

No body does calculus on their first day of math. 

Dear all - when a body asks for words of wisdom around here, that's exactly what she gets!

I would suggest determining if the costs of the LLC ($'s setup / maintain and regulatory compliance) makes more sense for your situation and an umbrella policy.John

They'll allow LLC vesting and the use of LLC as borrower but will still require a guarantee from a warm body guarantor who owns at least 20% of the entity and use that persons credit score (mid FICO) to determine pricing and qualification. 

In spite of not having the social and normal documentation we would expect this tenant and others are working full time jobs and driving past some healthy body holding a sign saying they are hungry on a Tuesday morning and that body has a social security card and all the credentials to gain employment.I would run my normal background check and use the same acceptance/denial policy I always have and let the results determine if they qualify.You may very well end up with a tenant that knows they have a bigger challenge to find a place to rent than others and once they have moved in will do everything in their power to be a perfect tenant because they do not want to go through the change and challenge of having landlords skeptical of them due to the lack of a social.

Your real success in notes will come from a very broad knowledge of the business, finance, law, marketing, regulatory issues, collateral evaluation, psychology and management.

This is how I have my options setup along with a clause indicating that if any legal body deemed the language insufficient to convey equitable interest the Optionor agrees in advance to perfect the documents so that equitable interest is conveyed. 

Short-term rentals (STRs) offer the perks of higher income and flexibility, but come with the challenges of regulatory requirements, increased management responsibilities, and different tax considerations.