Does anyone have any experience dealing with them and if so, what's the catch?

But you have to reach out, no one is going to do it for you.I think you're right on this, I just need to "see" the process once or twice and I will catch on very fast.  

When that happens, I want to own many homes, I got into the game in 2020 so I'm late and trying to catch up.

Some of the 5% may say yes but... some catch that kills the deal.   

Charlotte market is hot right now, inventory is tight, and building is just now starting to catch up. 

I catch myself saying it all the time when I come across decisions like the one you're facing now and it's worked pretty well.

(I think proper due diligence would catch all the non paying tenants) as an LP I don't know how to check if that was done. 

But, you'll also have other problems... most or all heavily regulate short term rentals... so if you can't cash flow with a long-term rental strategy, you'll be in trouble once regulators catch up with you. 

I am in Atlanta, another city that is seeing major revitalization, and the prices here are catching up causing it to become increasingly difficult to find a deal.

Is there anyway to catch fake buyers up front?