They had no common sense what so ever.  

Should I try to make the deck on the second floor a common space or as part of a large bedroom?

If a problem arises with the property, the City will attempt to contact the owner and hold them accountable.

If you are consistent with these action items you will avoid most claims, your business will be more profitable,  operate more efficiently and if a claim were to arise you will have all your ducks in a row. 

There are a lot of caveats and problems that can arise with so many people in and out all the time that have not been vetted!

The best contractors don’t just throw their hands up when issues arise; they come up with solutions and keep the project moving forward.5.

For instance, said property manager manages maintenance issues, problems that arise during bookings, basically anything that needs a physical person at the property, while I manage the rest?

Liability Protection: An LLC provides legal separation between your personal and rental property assets, which can protect personal assets if a lawsuit arises.

Verify credit, employment, etc for you. 6) I would definitely want noise (quiet hours), guests, and treatment of common areas covered. 7) We've used Rent Manager as it focuses more on the financials which I think is super important.

The new pref equity is given priority to the original pref and/or common equity.