Yes, I think, like a lot of topics that get passed around real estate circles (like 0 down physician loans...which I have never ever seen one actually close haha) there are these mythical products that people don't realize may only exist at one small bank in one small corner of the country and not actually be available to most.

AuchHow would one mitigate these risks?  

If they are on a one year lease you usually have to give notice  one or two months before the lease expires. 

One thing to keep in mind is it is my understanding (you would need to verify) that you get one shot per year to increase rents, but they can say no.

Now on to the third...

In doing so, one of the main step is keep all the funds separate from personal funds, which makes sense. 

That is one of my worries of going into a class C or lower area.

also just looked up this company, does show one of the larges hard money lenders but also alot of law suits in years (2010-2012)

Just sold one and have two under contract that will go on the market soon.Novations is allowing us to monetize more leads by presenting an offer that is better suited for someone not desperate to sell but who wants a guaranteed net price.

I think you're over-thinking the bank account...if you don't want to use the account you have now, you could open a new one strictly for collecting rent.