You would be inherently and inseparably be mixing personal involvement with whatever business fiction you are trying to maintain so I can’t conceive of how this would hold up in court if an action was brought against you

Currently our focus is more geared towards owning a few long term rentals where we can manage and maintain them mostly by ourselves. 

Certainly some owners are better than others at maintaining their income statement but for the most part they are usually pretty good.In the context of small multifamily it's a complete grab bag ranging from CPA level income statements all the way down to a shoebox full of receipts. 

If you can provide and maintain top-notch footing, you can absolutely charge a premium for board, as that will be the first complaint your boarders will have. :-)

Done correctly you can still maintain your hidden policy of rejecting all those with a record.This is usually the procedure for example where landlords are faced to accept applicants on section 8.

Investor leverage with local banks can also be found in the capacity to move significant deposit accounts their way that maintain high balances +$100,000. 

They are pretty low maintenance since the HOA maintains the exterior. 

Purchased for $95k and in its roach infested, poorly maintained status it was grossing $2k/mo.

The city's rental growth over the past 12 months and flat growth in the past month show builders are keeping up with demand, maintaining a healthy rental market.The average rent for a two-bedroom apartment is $1,100, below the national average of $1,170.

Florida Statute 83.5183.51 Landlord’s obligation to maintain premises.