Overall, it's great that you're thinking ahead and considering all aspects of the rental!

@David Bennett I am guilty of being the ‘nice and forgiving landlord’ in this circumstance and letting the behaviour repeat so I’m taking it as a learning lesson that being kind and cordial is always a good thing - cause I really do love the people aspect of owning rentals and providing people a nice safe home to live in - but don’t appreciate being take advantage of :-)

If your property has any special aspects, you may find that the recommendations are not addressing it or indicating you should remove a needed coverager.If this is a 1-4 family rental dwelling (completely non-owner occupied) the likely policy is a Dwelling Fire Policy.  

I am glad you mentioned to lending aspect of not having the W2 income.

An architect or engineer can also provide valuable insight into the design and structural aspects.

Don't forget to negotiate, factoring in potential repair costs, and research neighborhood aspects like crime rates and school quality for a successful investment.

Each session focused on a different aspect of building our own personal wealth strategy.

Seems like most folks favor the liquidity aspect of building cash or investing it in more liquid assets for now.The reason people are saying don't pay off the mortgage is because you are on a real estate investment site where having available cash to invest, and using equity, is important.

My top 3 favorite aspects of STR's:1).

QuickBooksQuickBooks can be a good option for tracking the financial aspects of your deals, such as downpayment, funding sources, mortgage details, and cash flow.Pros:Widely used, with robust reporting features.Can track both income and expenses, making it easier to manage the financial health of your properties.Offers integrations with banks and lending institutions for easier transaction tracking.Cons:There might be a learning curve if you're not familiar with accounting software.May require customization or additional apps to track all the specific real estate details you mentioned.3.