If all else fails, 😀 ReSure's got extensive resources on all these subjects in our educational platform (which actually includes some plagiarizing from Michael!

This would clearly exclude a ridiculous term which is not included in other conventional doctor loans by default, especially given the understanding that we were investing in real estate and doing rental investing, not just buying a temporary place to stay.  

Depends on really what you are looking for:-Speed - some HMLS can go "no appraisal" so can close very quickly and beat cash offers if you are in a competitive market to buy-Interest Rates - can range anywhere from around 8% to 13% (same with "points") but not usually as huge of a concern for flippers since the terms are so short-Leverage - depending on your risk appetite / capital - this is also a top concern for some (almost always over and above rates/fees) can see anywhere from around 80% LTC to even mid 90s LTC (including 100% of rehab budget)

I agree with everything @Michael Baum said.Many people, including myself, have used a 10% down second home loan to buy a property used for a STR.

1) I always use zillow to list new properties and use there platform to accept zillow applications2) Doorloop for management that includes accounting, repository for documents like leases, collect rents, tenant communications3) Received lease agreement from a lawyer

What should the "ideal" comprehensive check list include?

It would not be a terribly profitable industry, and a few large players (hopefully including my NewCo) would dominate the space.

@Kent Fang chingI too am in CA but do not own any investment properties here - maybe will consider AirBNB in 2025.My choice for OOS investment includes GOLDSBORO, NC.  --  Goldsboro has a strong real estate market, Low cost of living and affordable properties.

While the lease will most likely include maintaining the units themselves, these organizations are not going to manage it anywhere close to what you could and should do.

FHA loans include oneproperty per FHA loan, owner occupied for at least 1 year, and can apply for new FHA loan in 2years.