If any damage arises from her negligence she will be getting the bills for damages, plus costs of collecting which you bill as well as your attorney in addition to the termination of her lease.

Do you have a preferred type of property and price range you're looking for in general (knowing the costs can be different based on they market)?

There is no PPP and the closing costs are slightly lower compared to a DSCR loan. 

What costs/fees should I look out for?

For most investors, to provide true separation would be cost prohibitive (between $10k-$15k). 

We just need to verify that you have cash for the downpayment, closing cost, and up to 6 months of the mortgage payment as reserves.

I would include servicing costs of the loan and licensing costs.

HelloOver saturated STR in Ohio markets have caused many STR to drastically lower costs to as low as  $100 for entire bedroom home.My are higher and I'm not competitive with the lower cost Abnbs.I also feel hotel industry are mass building new hotels to compete with str. 

I just couldn't justify the cost of the program right now.

I understand I can increase liability in each individual landlord policy, but one single umbrella policy is much more cost effective when I have multiple properties.