Personally I expect a wave of foreclosures in 2021, but right now, there is almost nothing available as banks and consumers are taking advantage of Covid forbearance allowances. 

Fannie and Freddie are playing with accepting automated valuations to save consumers costs but a computer generated appraisal might be much lower than you want as it won't account for view, upgrades, and improvements. 

Very complicated and tricky and time consuming and has a long-cycle.$ Amounts can get fairly high especially considering that you can look at it as an LTV perspective (always overrides any other liens)

However, it can be time consuming.  

All these things I am telling you not to do, are hard, expensive, time-consuming and they anger and upset people, not to mention that a lot of those tactics are becoming illegal.I am here to tell you, show you and prove to you that you do not have to nor should you do these things.My wholesale deals trump most of y'alls elaborate high-risk flipping profits, while:I don't low-ball anyone,I don't lie to anyone,I don't trick anyone,I don't spend a cent on marketingI don't lift a finger on marketing.I don't chase anyone.I simply tell them exactly what I am going to do, 100% transparency.Now here is some actual concrete proof: ($128,816.06) for one wholesale deal.I am not selling you anything.

You should also ask the lender if they will permit you to owner occupy the property, since many commercial loans are not designed to be "consumer loans."

That being said, I think it is up to the listener/forum user to be able to critically think about the content they are consuming.

There will be requirements set forth by your lender that the insurance coverage must fulfil.Take into account other coverage alternatives like liability insurance, umbrella insurance, or coverage for certain risks like floods or earthquakes, depending on the property and your situation.Examine the insurance firms you are considering's ratings for both financial soundness and consumer happiness.

As for fees, your typical STR management company down here will be in the 15-20% range plus your regular costs to run a STR (consumables, towels, maintenance, etc.).

I am not licensed for consumer loans in ID (I can do investor stuff all day long, but not consumer in ID), so I can provide impartial advice.