These companies do not have the type of oversight or reporting requirements that public companies have.

I am going to go with your advice and continue searching for the right tenant.

If they don't pay it in full, then you continue to market it and offer it to the next qualified applicant.

Passive ownership might be acceptable.Hiring a Property Manager: To stay compliant, consider hiring a property management company to handle the day-to-day operations of the short-term rentals.

FYI, because of all the lawsuits he had to rebrand and change his company name from "Fortune Forclosures" and "Flipping on Demand"  to "Empire Real Estate Builders". 

Most companies are moving away from dedicated apps anyway as more code can just make everything accessible whether it's on a PC or a smartphone. 

@Justin Reyes Let me ask you this...If you owned a marketable piece of real estate and no longer cared to own the property what would you rather do: (a) Sell the property, pay off your mortgage and move on to other opportunities; or(b) Sell the property without paying off the loan,  remain liable for the loan as the note signer and trust the buyer will continue to make payments on that loan, and if they don't your personal credit is damaged? 

It's crucial to gather specific information from local title companies and lenders to address your client's concerns effectively.

The only issue is PMI companies don't accept this method so you need at least 20% down.

Properties can’t be continuously valued so you have a really hard time providing transparency and avoiding insider trading.