Clearly state your need for a loan and the details of the real estate deal.

What kind of documents would I need to cover both of our ends in any worst case scenario and where could I find some examples?

So, you don't NEED to provide it (but, check your local laws to be safe)!

As Brandon noted, you will need to provide an explanation as to why you were late.

The BibleLegacyExtreme OwnershipThe Art of the Deal101 Ways to Market as a Real Estate InvestorAll I Really Need to Know I Learned in KindergartenReading investment books will be like putting four different race cars tires on the same race car  and expecting that car to win a race   It won’t    

Would I need to re-write the operating agreement if it was not previously used for real estate?

Seems like there would not be much option but to move to a tradition real estate agent commission situation. 

My clients bought one that was four bedrooms with a den (just needs a closet) and a loft area (which could easily be converted). 

We are booked solid for 5 months out of the year, the rest of the time it is pretty much empty and we do fine.It all comes back to location.

I have found that I need to enjoy it but also that the way that it works needs to resonate with me to where I believe that it will work so that I can go all in on it!