Who is personally going to be liable if the guarantees aren't met?

Have the tenants take and send pictures of any maintenance items and video chat with the repair person as needed.If you ever get in a situation where you just feel like you can't do it or don't want to do it, you can always put a PM in place at any time. 

I personally would never invest somewhere that could outlaw rentals.

They're long distance typically so viewing the space in person isn't usually a priority, and this saves you time from having to drive over and schedule facetime tours :)

If not from the person in office, then definitely from the person running against them.

It actually says “Loans to Partner (or persons related to Partners)”.

With a Conventional Loan you can buy a SFH, Duplex, Triplex or Quadplex with as little as 5% Down if it is your primary residence as long as you have the intention of occupying one of the units for 1 year after closing escrow.This is the strategy I have personally implemented and have assisted many of my investor clients in doing the same. 20% Down is also beneficial as it keeps your payment low but it does limit your ability of buying more real estate faster.i would be more than happy to discuss the different strategies with you over the phone or in person.

Raising your credit score will get you far better rates personally as well as with private lenders for your LLC. 

They paid their portion of the rent.I have found a lot of investors bring their personal or political feelings into the investing conversation. 

I have personally owned over 200 cash flow rentals and sold them as it simply was not worth it..