I would only place it on DeFi if you're fully aware of the risks, or as a smaller fraction of the CeFi.

He's an experienced agent. landlord, he has his own Airbnb house in Covington and he understands that part of NKY really well.

I believe these are all POHs as well. 

I ask if they are US citizens or green card holders, and I ask for past addresses for the past 5 years as well as any other names they used in the past (maiden name, nickname, etc).

That being said, every FHA loan has UFMIP which is 1.75% of the loan amount, as well as monthly mortgage insurance pmts that are about 0.5% of the loan amount annually.

Well, then I'm interested in seeing the answers out of curiosity.

If you are not already working with a realtor that is well versed in STR and knows ALL of the requirements for STR, do yourself a favor and reach out to @Josh Green.

But if you did the property up right with killer design and great amenities -- I'm picturing cool wallpaper, a game room, boho/modern furniture and a hot tub -- I can see a place here doing well as an affordable Airbnb/STR option just 10 minutes to downtown Denver.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I'd be happy to add you to it as well so you could receive weekly snapshots.