His rehab costs were less than what I Typically pay to paint the interior of one of my rehabs.  

What are you paying for these vacation homes ?

As long as it is in your house rules and you have evidence of them staying later, Airbnb will pay you out.

This deal was intriguing because it was rent ready as-is, but I knew that when we could afford it, the rehab would really pay off.

I only know about the times where this was found out prior to closing, obviously I have no way to know about the times this shady behavior wasn't found out.Since you get a vote in who this tenant is, and it's retail, PSA that commercial lenders (especially the ones offering the best terms...) are starting to vet deals by how 'recession proof' the tenants are, even if they are currently paying on time.

Sorry, but crime pays and it pays very well.

She normally pays rent on time except for the last couple of months when she paid a few days late with late fees.  

I used to pay a site visit to every property of which we were considering lending or purchasing an existing note.

You do have to pay a fee for this, but if you have any questions on how to do it, feel free to reach out! 

Aligning with a mortgage lender that puts their clients first pays off when the going gets tough..and it always gets tough no matter how 'clean' the borrower.