I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

Home flexing whether storms, water or temp expansion can cause catastrophic failures.

I'm confident in my value as a broker considering the risks of purchasing the 'wrong' property being catastrophic.

If you cannot budget for or handle the issue(s) you are covering then dealing with the issue(s) could be catastrophic for you.

This will provide lower premiums and save money and also cover you for a catastrophic event.

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

I highly recommend finding a market that is landlord friendly, cash flowing, doesn't have regular catastrophic events, property taxes are low, insurance rates are under control and you like the area.

Yeah you can't have a homeowners policy for a STR.This is better than finding out they won't cover you because you were renting it as a STR after a catastrophic event.

Back in the day before the catastrophic housing crash I noticed the DOM rapidly rising in Detroit. 

Default rates through 2024, barring a catastrophic collapse in valuations, will stay low since most homes have positive equity.