Alternatively, you want to avoid a scenario where the tenant is forced to find someone to take over their lease since that means you'll have less control over who the unit is being sublet to (IF you don't have any restrictions against subletting in your lease). 3 - If someone's parent has passed, and its only been 8 days.

I agree with @Brooklyn McCarty ...Too much money to get in and too many restrictions.

STR are becoming more restricted so I can see many competitors entering the market for MTRs. 

@Alan DeRossett California,   I get it but the rest of the country I don't believe has as restrictive regulations or commands higher rents due to those type of improvements. 

I understand that in states with restrictions, those specific reports are not pulled, but all other reports are displayed.

This notice is required to be mailed "Certified-Restricted Delivery."

One thing I’m not able to find, is if I as an owner can take draws from the company and if there are any restrictions.

Once you narrow down markets, you can usually find online on the city or county website the zoning restrictions around short term vacation rentals. 

In return for the City's rehabilitation assistance, participants agree to certain long term (5-20 years) rent and occupancy restrictions which provide for the continued availability of the housing to lower income families at an affordable rent.

Generally - you can make a referral fee on these types of loans if they are 100% purely business purpose - a lot of the restrictions and issues come from anything consumer-related.