The higher insurance premium required a higher escrow payment which the original borrower didn’t let me know.  

Best to call city hall for the town you are buying in to see what if any rent control rules are in place. see link below if you require additional information and call the Jersey City Landlord Tenant relations office. https://www.jerseycitynj.gov/cityhall/HousingAndDevelopment/...Jersey City CPI chart on recommended rent increases: https://cdnsm5-hosted.civiclive.com/UserFiles/Servers/Server...The state with the highest eviction rate in the country right now is South Carolina. 

Does it require a highway occupancy permit if its on a state road, in my area it cost me around $1000 just to get the permitting and design for my driveway entrance.

Those in themselves are great education.Degrees won’t help you much unless you are trying to get a job at a large fund.

So, I also require that :Monthly Rent + Monthly Debt Payments <= Gross MONTHLY Rent * 45%This is similar to how mortgage qualifications work by considering the applicants' debt loan along with their housing cost in relation to their income.

If you give someone over 19% membership interest in the deal, the bank will usually require a personal guarantee from that individual. 

If the LLC is the maker on the note, there's a good chance you'll be required to personally guarantee the note.

Although, some of the information was not required either time and some was required both times.

If you are not already working with a realtor that is well versed in STR and knows ALL of the requirements for STR, do yourself a favor and reach out to @Josh Green.

That still has the 50% use requirement, but can be used to create a tax loss.