You VA allotment can cover more than one property so not all of them have to be owner-occupied.Thanks for your post John.

Also do you have savings on the side to cover lender payment for atleast 6-12 months if you are unable to rent this thing . 

So after talking to a local heavy duty tow truck company the price tag is 620$ per hour to come get the R/V off the property.

Overall my portfolio is too real estate heavy, I have more than 50% of my assets in real estate and I just generally think that's not such a great idea.

Hi YehudaThis forum is very self-management heavy with some exceptions of full service Property Managers like myself. 

Or if my landlord homeowners insurance policy will cover this?

Rent by the room gives you the opportunity to get more renters to cover the mortgage, making it easier to stabilize the asset.

The example scenario would be if I bought a $1M property, the bank is in first position and covers 800k of the property cost, the seller agrees to cover cost of down payment and covers 200k of the property cost.Let's say we can no longer make payments on the property and it's foreclosed on.

This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.