Although there is no way to prove this, (I reside in FL; the investment property is in AL) my GC tells me the unit was secured by a cage and bolted down.  

But you don’t need a new lease to make a security deposit amendment, that’s just a one page amendment.

Don't forget to tell the tenant where you will store their security deposit.

There are other players in the game to compare with like Kenny Bedwell at STR Insights or Bill Faeth's coaching.

Operations and Security Deposit accounts

Yes, you can deduct the 8 days rent from the security deposit.

A minimum of $1M in coverage provides added protection in case of major liability claims, though $2M–$5M offers even greater security depending on your situation.

Very few allow any subordinate financing below their note but I do have ONE that allows 90% CLTV (they loan 75% and allow you to secure a 15% seller carryback as long as you come in with 10%). 

I'm ecstatic to have just secured a fantastic new short-term rental property and I'm eager to collaborate with experts to transform it into a stunning haven.

We have a modest security deposit collected up front along with 1st month's rent and the cleaning fee.