I definitely thought it was a scam but it was legit and easily one of my most profitable 1 night stays away from a pure revenue stand point.

So, for example, a 4-night stay for a group of 12?

My piece of advice would be to make sure you have a great agent in your corner to help you assess the market, make informed decisions, etc. having a good agent can be day & nights difference when it comes to your experience.

Check their occupancy, nightly rate and amenities.

We also had the option of another type of policy that was even less expensive that would have required us to spend at least 1 night in the house and rent it at least 30 nights each year.

Hey @Pat Aboukhaled I was a fun night!

There are a few I like.One is Roger's Thursday night meetup in North Dallas called NTAREI. 

Short term rentals will get you more per night, but they are also a lot more work and can be seasonal.If it was me, I'd probably sell it. 

If I accept the suggested pricing opportunities it could drop my rates by $100 / night in some cases. 

To the nuts and bolt question of what defines occupancy, it is the place you reside and spend the majority of your time/nights.