I currently manage properties throughout Los Angeles County, and occasionally come across properties that aren’t ideal for long-term standard rentals.

Not only is she an asset to out-of-state investors like myself, but she’s also incredibly well-connected with other professionals who share her same high standards of service.

I have been the Rental Property Calculator to practice my analysis in the Houston market.

I'm looking to dive in and learn so I've been just trying to practice underwriting lots of deal as best as I can to calculate the cash on cash returns and DSCR ratios.Thank you to all who answer!

Or if you all can share some best practices for new partnerships?

What we need though is a standardized way to measure the metrics.

For example, an experienced general contractor who does significant remodels of nicer homes might choose to go into house flipping because their practical experience is directly applicable.

If it is attached to the privately owned property it could be covered very easily and in some cases the coverage would be included in a standard homeowners policy.  

It has a standard 1600 SF 3/2 LTR but it has a 600 SF ADU 1/1 studio that I want to use as an STR.Looking for advice since this will be my first STR. 1. 

Try to get a feel for the stability of the tenant's current situation and recent past.You will probably find a lower standard of care than you might apply to the property.