You would want the right place for that with necessary precautions so your property is taken care of, but if the nightly rate is in the right place, you shouldn't have many problems. 

This very same question arose yesterday.In short, asbestos/portland siding is not terribly friable (unless you are drilling holes through it) and can safely be covered over or removed (by yourself).If will be cutting holes in the wall, just make certain your workers are aware of the siding and they take appropriate precautions (a properly rated respirator. 

These precautions may reduce the chances of the lender exercising the due-on-sale clause. 

What other precautions and steps can we take to prevent us from becoming victims?

These strategies should outline the process for selling the property, buying out the other partner's share, or transferring ownership in a way that protects the interests of both parties.While partnering with family members can be rewarding, it's crucial to approach it with a business mindset and take the necessary precautions to protect both your investment and your relationship.

Obviously you can do what you choose but if you do get fined I hope you can take the 20k hit and also know how much harm you can do to yourself, your children and or tenants/children if it’s not done properly and take proper precautions. 

@Jack Trader Do you have any suggestions for clauses/precautions to ad in a corporate lease?

Also what what precautions should be taken?

Hi BP,I've recently connected with some Wholesalers to purchase under market properties (70%-75% ) that I could BRRRR however, I was wondering what type of precautions if any should I take when doing transaction with wholesalers, should I sign a contract and should I pay a down payment?

To me, it seems that a majority of real estate investors don't take the necessary precautions to mitigate/hedge the risk on their properties.And this is why I'm here.