The beauty of the business it is a high volume business and has shown itself to be succesful for 30 years.

Consider how easily a peril or condition can exist and be taken away, if something can be popped up in ten minutes and taken away just as quickly, a landlord will have very little control over the matter.Instead of getting tied up with liability paranoia and trying to micro manage tenants as to allowing something or not, get with your insurance agent, see what they think the risk is in that area, what claims experience they have with such issues, if the exposure is insured and explain the competitive nature in renting to allow your tenants to have a life.If you are adequately insured and have taken reasonable precautions you should be sleeping just fine.

It's been 20 months since our previous renters left it needing extensive cosmetic repairs to rent; It's a beautiful refurbed 1925 bungalow with all new wiring, plumbing, etc. and an added bath.

I'm laughing right now.How come on TV lesbians are always beautiful and exciting but in real life they tend to look like Larry and Curly from the 3 stooges?!

And just like uninformed investors in the stock market, human nature is very much a herd mentality reacting to fear and bad news doing the opposite of what they should be doing.

I am not a very trusting person by nature, I would feel more comfortable if I am involved as much as I can.

Mother Nature ... gotta love her!

This needs to be done by your attorney as it can eliminate aspects of the nature of limited liability in the structure.Your liability should be to the extent of ownership in your corporation.Admitting new members to any entity requires a close look from both sides, being admitted means you accept all liabilities and contingent liabilities created prior to joining, those allowing a new partner need to ensure the party admitted can carry their share of risk.

Thanks Rich, I like the idea of short term rentals especially coupled with my real passion for nature and gardening.

Naturally....