It's not really a benefit to be confusing.What they want to do is have the property transferred into a trust (days, hours, minutes) prior to settlement.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

I'm a local broker and PM -- The first lien is indeed "first" position, being it was owned free and clear prior to recordation. 

.- What measures can landlords take to ensure protection while renting, and what steps should be considered prior to seeking a tenant?

The potential for a loan call is higher and higher with sub to the more parties you involve if that makes sense.Trying to take down four homes sub to and then do remodels to them all, and then list them on short-term rental sites, and get full permitting and ok for not just the STR, but for your renovations and all prior renovations maybe done without a permit, while on subto, sounds like a pretty big mess to me.I would consult with a sub to specialist and prepare for the potential of having all the loans called at some point.

Not a ton of flipping compared to previous years, other strategy I'm seeing is STR's or rent by the room/padsplits. 

Get a few quotes and confirm you’re comparing the same coverage.

The no state income tax doesn't really apply when you are comparing to other investment locations.

The notice must be no less than 60 days prior to listing for five or more dwelling units.

My cleaning teams are extremely well-paid compared to other properties in the area.