Another work around that isn’t discussed much is working on a strategy with your insurance company to protect your other assets in the event of a claim.But also, it wouldn’t be a bad idea to consider getting the financing into your LLc name with a community bank and pulling cash out if you have substantial equity.Right now, since the loan is in your name, it shows up on your personal credit report.  

Am I in a bad position.

Good move, or bad? 

WOW that is a bad scene!

Criminal background will weed out some bad actors as well.  

Sterling,Each lender is different on how they calculate income and also what overlays they have that can cause a bad income calc. 

Regular tenants may have more of a support system when they have bad financial luck.

I can't remember the cost, not too bad, but no phone callsI sent out 1,000 mailers (letters) I designed in envelopes a week for a couple of years and made a ton of money buying properties using "creative finance" some call subto.

@Sonja Revells , after reviewing the agreement you uploaded, I realized it could be a bit tough to fight for your EMD due to these sketchy clauses.

Here are some reasons: if the OTA gets too much market share that is bad for hosts and guests.