But if this company Tardus was selling these notes and getting comp .. they are going to have issues if they are not licensed RAs or broker dealers..

We move fast and we permit. 

A way around the whole issue is something we occasionally consider.  

There are two issues (opportunities?) 

I'm not sure I would get to cute trying to squeeze every time out of it now with a lease that might cause you issues in the future, but the scenario you describe is common and probably smart. 

And also that rates are just going to continue to be an issue, so it's likely something to plan for in rent rates and/or overall investment costs. 

I don't think the pm is the issue as others have already harped on this.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

Since Landlords are going to be monitored even more now with the price gouging issues surrounding the fires in LA, I would be extra cautious.