Second, I'd connect with some local hosts in your area also in addition to Airdna.

That is in addition to clauses that require anyone that stays more than 7 nights in 12-months to apply (then it becomes our choice if they are treated as a temporary occupant or tenant) and prohibition of subleasing.

If you may please send me an email or text when you need additional help as I don't access this blog very often.

Many insurance companies do not allow adding a landlord as additional insured.  

Additionally, have a clear budget, factoring in potential repair costs, and ensure you understand the rules about earnest money deposits and closing deadlines.LLC for Real Estate Investing: Forming an LLC for rental properties can offer liability protection and may provide tax advantages, though the tax benefits are non-existence for rentals.

Properties below this threshold present additional risks and more limited borrowing options.7.

If we sense there is a red flag, were asking them to upload additional documents like tax returns w2's etc.

Additionally, working in a small-town market taught us how to effectively price properties for faster sales without compromising profit.

@Kenzer Hodgson For your STR, an umbrella policy can provide liability coverage, but an LLC offers additional asset protection by separating your personal and business assets, which can be valuable in case of lawsuits or audits.

An example of that is tenant must pay for additional electric over flat fee / flat limit since now there is 2 occupants in the home instead of originally one.