Ask the applicant to tell you the bad news before you pull.If they lie, don't go further.I can deal with a lot of stuff, but basic untruthfulness is a constant that won't change.I've rented to felons and low-income people and, since I can't ask, those without legal presence in the USA. 

It is part of the revenue stream.

With that being said it is important to constantly educate yourself in the space so you can have deeper and more valuable conversations with others in the space.

I am constantly looking on redfin and when I see properties that are flips or fixer uppers, I ALWAYS look to see the agent that bought and/or sold the home.

As a (now retired)  managing partner of nationally recognized consultancy in the manufactured housing industry I cannot tell you how many people we have worked to save from ruin who got into our industry in the late 80s or the 1990s when it was fairly easy who were on the rocks after 2000.Owning manufactured housing communities is extremely lucrative for those who know what they are doing and are willing to work very long hours to make it happen, but even for those who have the knowledge and expertise, it isn't easy and the need to constantly learn new information is constant. 

If both are owned by the LLC, the long term rental is effectively being constantly exposed to the risk of the flip.That's my really short attempt to explain in written words. 

What makes that worse is that both of these industries are hugely challenged over the long term and real estate is generally a long term investment.There is a constant oversupply of oil and it's not only because of Covid.

I’ve been doing constant research on that market but here is something I’m now concerned about and would like to hear from you guys.Winter in Indianapolis.

(Use case is -  while i am away and I could not talk to sellers or after my initial conversation - this CRM tool sends constant communication on my behalf).Thanks for your help in advance.

I think its a great way to add an additional income stream.