Quote from @John Murphy: Before spending thousands on a course like Pace Morby's, talk to the actual members.

Some level of protection will almost certainly be provided as opposed to some sort of outright ban.  

That is the decent (and courteous) thing to do, so that others won't spend time to write an answer, and so that others who search out an existing topic can see that answer. 

How would an umbrella policy protect against a security deposit related claim?

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.

Or do you have to use a 3rd party site to keep them updated and then spend more? 

I agree with the others when they say to hire a PM; a property manager will have access to better screening and fraud detection - and hopefully can add some protections in the legal arena too.

I’m based out of Lehi, Utah, and have always been fascinated by the potential of real estate to create opportunities and build wealth.After spending time learning about the industry and what it takes to succeed, I’m ready to dive in and start making deals happen!

That is good but there are fewer folks looking to spend over $1000 a night on a place.This all looks like a problem waiting to happen IMHO.