In this type of area having just 1 or 2 properties is ok because your tenant base is higher end and more stable. 

I searched for homes based on the mortgage I could afford.

Sometimes folks overlook how real prce apprecation can be impacted by having acreage that’s not typical in suburban areas.In Phoenix, where I’m based, a lot of us collaborate with local probate attorneys who know about hidden opportunities that never see the open market.

Investment also spiked in Class A Short-Term Rentals (STR) and investors started paying higher and higher prices based upon anticipated STR rental rates, that exceeded sustainability based upon Long-Term Rental rates (LTR).

Free vs. membership based. 

Or is it calculated daily and the base rent increases after 10 days when the late fee hits the account?

However, this is not specific legal advice to you, just an opinion based on the circumstances described.  

I searched for homes based on the mortgage I could afford.

The base is $17.20, plus tips.

I think it’s a more recent consideration (maybe in the past decade or so based on my digging / anecdotal feedback) and perhaps some of you that have been in the business longer and simply renewing old policies may be getting a pass.