Your state laws control, but the loss value to the materials will be based on fair market value.

One of the places we are looking is in the Bryson City / Maggie Valley area.

@Kenneth Tiedemann you can use personal account, just be sure to follow your state and local laws about security deposits.If you're parents are living in the home with the tenants, then they are also exempt from most Fair Housing requirements, but you should look into them anyways.You'll want a good lease to protect your parents and to be able to evict if/when necessary.Check their home insurance policy as it probably needs at least a rider to cover renting.

Going outside the city limits is a good work around that works in markets that don't have county-wide regulations.

What state and county are you looking?

And what state is this in?

I just wanted to close this thread out by stating that I have received multiple emails and had an in depth conversation with current FIG investors, all of whom are very happy.  

Your rental agreement cannot state that the landlord can change the locks so that the tenant is locked out.

Question is:Self manage out of state? 

If I want more cashflow should I be considering MTR in Denver, LTR in cheaper out of state markets, or another option I’m unaware of?