@Sandra KimThe withholding agent (I’m assuming the title company in your case) generally should be remitting the withholding tax directly to the IRS out of the sales proceeds.

I don't want to ruin this lady's credit or anything but I also don't want to get played. 

Renting properties for STR does not come with the upsides of tax savings, appreciation, equity build up, etc.I agree with the sentiment expressed by others that diving straight into STR, especially with a property that is cashflow negative as a long-term rental (LTR) or through arbitrage, can pose risks.

How are the property taxes in Nevada; fair, high or low? 

Would I need to submit my personal tax returns, along with those of my partner?

Montgomery has a great rental market. 1)The last numbers I saw showed 47% of homes here are rentals. 2)That is due to a strong federal job market with federal courthouses, Maxwell and Gunter air force bases. 3)Lots of state jobs, about 10 colleges and universities, tourism, 3 major hospitals, 4)a Hyundai manufacturing plant, and Amazon is building a distribution warehouse.5) Low property taxes.6) Population growth.7) Landlord friendly state.8) We can typically hit the 1% rule on rent to price ratioFrom Wikipedia, Alabama has the second lowest property taxes behind Hawaii.2.

Rents have doubled with autopayment mandated via credit cards. 

We pay for the property taxes, the water and sewer bill, and usually do some sort of capital improvement to the property based on his rent each year.

In my experience, there are plenty of small banks/credit unions that are cool with student rentals as long as they're all on one lease.

Investor vs. tax), but if it is a 2nd lien from an investor, there may be an intercreditor agreement that spells out the rights of the 2nd lien holder.