Figure you've got the following functions of the house (assuming you've never bought a house before) decide which functions of the house you're worried about breaking and how soon and accommodate for such things.

Small claims court is pretty easy.

---DSRC loans avoid this issue.4) Can't represent your LLC in court---You'll need to hire an attorney for evictions, Security deposit disputes, etc.If you need a business bank account, you can open one with a DBA, which you can get at the county.

After the 7 days, we can send to an attorney to file for a court date - which incurs attorney & court fees for owner.We would have had a chat with the owner at this point to discuss pros & cons of waiting vs filing.

Adding in court fees, attorney fees, no rent during the process, and any turnover expenses versus just eating the plumbing fee. 

Before I rent a place it functions perfectly and they are remodeled with the idea that I'm renting to knuckleheads, so all things are accessible, repairable, common, and not high value.

Not checking the property periodically such that a squatter was living there long enough to require court action to eject them.

Or should we just cross our fingers that we don't have any issues with them that would take us to court?

You don't want to serve a notice incorrectly and then go to court for eviction only to find out you did something wrong and now the whole process has to start over again. 

The second issue I have with STNL is that if it functions like a bond, then isn’t this a terrible time to buy?