This let's them pull the cash out and put the property into another program for 3, 5, 7 years fixed (no income verification).

For example, I had a guest put their fist into a tv, I had to submit pictures, a receipt for the tv, and a link to the identical model so show cost of the unit.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

Don't pierce the corporate Veil: This can occur if the entity either is poorly capitalized.Inadequate Initial funding of the entityor fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Do not commingle personal and LLC assets.Maintain a separate LLC bank account.Execute an operating agreement.Follow the provisions of an operating agreement.Have LLC member meetings according to the operating agreement.Title property in the name of the LLC.Maintain insurance on LLC property in the LLC's name.Sign all LLC documents in the LLC's name, not the members' names.Although Single member LLC are more prone to failing the separation test, these steps will also provide a better defense against other creditors attempting to prove to pierce the LLC veil.SMLLC does not file its own tax return, meaning it is disregarded for the tax purpose, so you will still report the rental activity at Schedule C of 1040. 

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Income needs one or two year verification.

If so there will then be only one data point instead of two of recent, identical sales. 

And even then I have to admit the entire operation is identical to hospitality/hotel so there is that, I get it. 

As of late, DSCR has been extremely popular with RE investors as the qualification is much easier (no need to see any sort of income verification docs).

There’s a few things I can give tips on from my experience:- The average income is lower, so it was hard to get in your typical renters who want to do a long term lease; nearly every one of my renters paid late despite credit checks and employment verification.