This provides me some legal protection as well as tax benefits.It depends on the person, most small time investors should just put in their personal name as long as they qualify for conventional financing. 

When I sell/ flip I actually provide a " warranty" if there is a major issue, I will cover the cost.  

I also look in the newspaper and craigslist for basic for rent ads that provide landline phone numbers.Facechat, instabook and the others mean nada to these folks.

Your responsibility ends with providing a clean and safe place to live.

Uendy - Thanks for providing some details and information!

Love the STR arena of investing and providing a place where guests want to pay you their hard-earned money to stay at your place.

Proper, Cbiz and Foremost are the big 3 STR insurance providers.

Can't really provide a lot of insight as I'm also in the exploratory phase, but would love to connect further if you have interest!

I'll provide instructions how to use for an additional $150 if you buy it before I finish writing this post.....................

Sec. 1.167(a)-(11)(e)(1)(i) provides that property is considered to be placed in service when it is “first placed in a condition or state of readiness and availability for a specifically assigned function” (emphasis added).