It's fraud.Notify the tenant you're conducting an interior inspection this week, go in, take a photo of yourself inside the unit and submit it with your request to AirBNB to shut it down. 

Keep in mind, if you asked for a boundary line survey, a common thing because of the costs of having a full survey done on a larger parcel, there may be a notation on the survey that improvements are not shown.You can retain an attorney to oversee the process and perhaps to conduct a separate investigation, but don't expect the cost to be recoverable under the title policy.I have seen utilities not pay too much attention to the actual location of an easement and the improvements wind up outside it. 

It's important to conduct thorough research and potentially visit these areas to get a feel for the local real estate dynamics.Feel free to connect with local agents and mentors in your chosen market.

What is their threshold for conducting a study and still deliver at least a 2:1 ROI?

They thoroughly assess potential investments, conduct due diligence, and plan for contingencies.6.

Although I have conducted extensive research and feel prepared to embark on the search for properties to consider making offers on, I am eager to connect with a seasoned Multifamily investor on BiggerPockets.

LIABILITY, PERMITS, BUSINESS LEGALITY: TENANT shall obtain proper permit to legally conduct short-term transient occupancy.

Is this something you would conduct during the phase of an "inspection period" if I was to have a contingency before purchase?

All under 25 pounds and certain breeds restricted.But our biggest change is in the lease:we let them know that for any animal (note: not pet) the assumption will be 1) the unit is returned to a state where a person allergic to the animal would be able to rent the apartment and 2) a professional cleaning will be conducted at the landlords discretion and the tenants expense, up to and including wall wash, hi powered vacumn for dander, enzyme treatment, killz etc. 3) The expense will be taken out of the security deposit.We haven't had it tested in a dispute yet, but I think it keeps good pet owners careful, rather than prevents bad apples, but it also gives you the ability to do a very thorough job, which should work with most pet damage, horror stories aside.

It can be passive and great to own but I tell clients we MUST conduct thorough due diligence upfront  and any bad stuff we find seek credits etc. from the seller if possible.