Quote from @Chris Seveney: @Charlene Kingsnorth have you had an sec attorney also review what you are doing as if you're are having multiple people as part of a loan participating in it depending on the state this could get you in hot water - so be careful  good point Chris some state allow fractionalized deed of Trust mortgages other do not or require PPM like documents prior to offering them..

In Reno and metro areas, insurance companies primarily focus on roofs, the age of the building, wiring updates, and water pipes, as mentioned @Cameron Moore.

The home was in rough shape—think mold, a hole in the roof, and years of water damage.

Do any of these STR insurance policies cover against fire, water, wind or hail damage.

Usually this is from poor drainage and accumulation of the water that tends to be absorbed by the soild near the foundation.

The house has a new roof, but HVAC and water heater replacement might be needed in the next few years.Also, mortgage rates are currently around 7%.

City water with one main at the street and how will they bill. 

Last year we had a water leak on a Friday night, we had somebody out immediately Friday night and came back on Saturday to do final clean up. 

Or if you are able to connect to public water &  sewer, this would make the investment much easier.

Try to anticipate other potential avoidable situations with a follow up inspection to assess the Locksmith’s work and ask your tenant(s) if you can also use the time to assess for other issues such as unchanged HVAC filters, leaky pipes, working shutoff valves, working smoke detector batteries, properly working downspouts, clogged dryer vents, evidence of water damage from leaking roof, etc,etc,etc.