Hubzu imposes a penalty of a flat fee of $300 and $100 per day for any day over 35.

Do any other landlords impose a curfew at your properties?...

This leads newbies to chasing loan investments with greater degree of risk which often leads to loss or at least unnecessary risk.  

I did get blasted a while back on another thread because I recommended to someone to build a buyer's list first and several others commented that it is a sign of a novice to recommend building a buyer's list first and how it's totally unnecessary if you find a great deal because you will find a buyer and yada yada yada.

Good afternoon BP friends,I'm looking at setting up an SDIRA for the specific purpose of buying a single property - an undeveloped lot - and I'm trying to determine if it makes any sense to use an LLC and/or have "checkbook" control for this particular SDIRA.My initial thought is that since this SDIRA would be to buy a single piece of undeveloped land and then hold that property as an investment for the next several years, that the additional complexity and expense of an LLC and checkbook control would be unnecessary.

You will want to dig much deeper than internet forums or even the sales reps at most self-directed firms to ensure you have a strategy that will produce results without unnecessary regulatory risk or too much administrative overhead.  

Good point about the regulations as I don't believe the city would outright ban short term rentals, but would rather impose a tax on it. 

You're definitely thinking the right way if unnecessary tenant loss concerns you.

In Canada all you need is adequate insurance coverage anything more is just for show, unnecessary and costly.Even in the US for small investors it is a misconception that it actually adds any value or protection.

We have 3 now and I really don't understand the mechanics of owning more than the limit imposed by lenders.Any advice will be appreciated.Thanks in advance,Cheryl and Jack