However, I recommend creating a simple form so you're ready the next time this happens.Are you reducing the tenant's rent $200 for Christmas or letting them pay 15 days late in June without a penalty?

What I wrote above does not create an attorney/client relationship between us.

https://www.waynecountylandrecords.com/recorder/web/ so go here, create an account and search by the address of the property you are interested in.

It is almost like creating a "time share" for yourself. 

These projects create large numbers of both short term (mostly construction) jobs and long term employment once the projects are complete.

In my experience, around 80% of those situations ended up creating a lot of headaches for me and costing money.If you accept more than two unrelated renters, there should be higher qualifications because of the increased risk.

Even though the state of Texas enacted legislation creating the series llc back in 2009, few people are using it.

While I know you mentioned commission based salary, I would make sure you create specific goals which if met gives them an added bonus. 

If you can reinvest that in something that creates more cash-flow at a equal or greater interest rate spread (with appreciation potential) then that would be compelling. 

While the city council’s societal heart may be in the right place (for the tenants getting priced out of the Seattle) the onslaught of recent ordinances (1st in time application - challenged and overturned in Court, limits on move-in costs / pet fees, no criminal checks, etc.) these have in many cases encroached and/or completely ignored landlord/property owner rights and create such complex regulations that it is in many cases not feasible or cost effective for small mom & pops to manage their own properties, so they reach out to pros and pass the costs along to the tenants.