But the beneficiary will only be listed in your private land trust document.

I would ask to review lease documents, payment history and find out what their tenant selection process was.

https://www.nbcconnecticut.com/news/local/Study-Fi...Looking forward to your thoughts in the context of real estate fundamentals and investing.

I was noticing there have been updates to the Tacoma Municipal Code 1.95 which covers Rental housing.I found this article explaining much of it (https://www.wmfha.org/news/details-about-tacomas-n...) , but I am still unclear on how some parts are to be executed.The first three items they mention aren't figured out yet so no one knows how to deal with them yet. 

The good news is Landlord411 comes from a landlords perspective and not the tenants perspective. 

@Robin Searle @James Carlson, have you seen the news on the new proposed bill in Colorado to reclassify STR’s to commercial property?

I have a few questions...How much do you usually set aside for “overhead” - drawing up legal documents etc. ?

I can ask to see their visa to verify that they are eligible to live in the US for the duration of the lease and I can require documentation of proof of income or ability to pay rent that meets my criteria. 

Read everything you can until you find a deed that describes the property as a 5 unit, likely in that same document you'll see a drawing of the property. 

An HOA is listed by name in one of the legal documents, but no organization actually exists in reality.