TODD should also include the beneficiar(ies) name, legal description of the property, dated, signed, notarized, and recorded in the real property records where the property is located.

IMO, if you focus your business on investing in properties that have staying power, you'll do just fine this year: i.e. aren't overly trendy in the sense that it would require regular updates or paint jobs, market to a specific core audience that your neighborhood hosts often [i.e. families, spring breakers, wedding guests, business trips, etc.] has the right amenities for the location, has good photos/descriptions, doesn't "surprise" guests when they arrive, and has a reliable hosting with high-quality communication.

Most municipalities have their zoning maps and descriptions of what is allowed online.

I met a guy at a foreclosure auction who invests in a lot of things: foreclosures, buying notes, flipping houses, wholesaling, some other stuff. 

Based on the listing description, the property needs work, sold as is, and is only accepting cash or conventional offers which further indicates the property is going to need more TLC than it appears in the photos.

Advertise a reasonable max occupancy, and then taylor the verbiage and descriptions to attract who you want to stay there.

Your lease should have the legal description of the property and the unit number especially if you used the promulgated form.

I've never met a single one of these cats I respected -- my opinion is not about to change now.

You can't hide the personal touch thing, even in the pictures and descriptions.....and they will have more trouble getting and maintaining a 5 star rating, a lot of that comes from the personal feel of the listing.....

When I was selling real estate, I'd market a house like this as Rehabber's or Handyman's Special and include a statement in the description that said "Not suitable for FHA, VA or USDA loans".