Any ideas or guidance James Dainard or anyone else could offer in this regard?

., with the rapid rise of STRs, you will find that many insurers offer STR policies.We use Proper but it is very expensive but very comprehensive.

If they don't have assets or well paid employment, I would consider the offer of the payment plan.

Variable income is SUPER hard since covid and no real way around that beyond showing an offer letter that states you get a minimum guaranteed hours, and you may need a payroll log to prove you never went below that number. 

Explore a DSCR Loan with Reduced Down PaymentSome lenders offer DSCR loans with minimal cash-to-close requirements if your property cash flows (even marginally).

The owner should look at it more like a DSCR, and should be pricing the property and offering terms such that the income from the property is adequate to pay back the loan.

The rest, put you on near-worthless drip campaigns, don't understand calculating the offer price based upon rents - property taxes - insurance - MNT & Vacancy percentages, etc.DM @James Wise to schedule a chat with him!

-> Besides doing your market research, i strongly advise that before any purchase or offer, that you hire professionals to help you in the process.

My 20 hour course (I used OnCourse) offers some exam prep that I have been going off so far.Thanks in advance

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.