I'm financially stable with good income, low debt, and good credit score. 

You don't want to keep a woman that moves in without permission, and you don't want to keep a renter that moves in his unauthorized girlfriend and kid.I would give the legal tenant a written notice that his lease is terminated.

Do you have state-legal Contracts, Change Orders and other forms all ready to go?

Hi everyone,
I am looking for a HELOC on my primary residence in NYC (not listed as such in the W2). I have a salary and a good amount of real estate income.So far I encountered issues as my real estate NET income lo...

A no income no doc DSCR (debt service coverage ratio) would be a great option for you .

In Maryland, a Legal Agent is required if the Rental Property Owner resides outside the State of Maryland; including nearby D.C., Virginia.

The “due on sale” clause does not, in fact , legally CAN NOT, prohibit a transfer of property where the mortgage lien is not paid off.  

I could write a book on the myth of the legalities of a corporate guarantee, but will spare you.  

I personally would set up a separate legal entity whose purpose is to manage STRs. 

It also depends on things like if you're investing in debt or equity (for completely different answers...again more safety equals lower return and more risk equals more potential reward ).