Typically that's just a rough sketch and fill out their application.

You will need to go through your own application/licensing process from step one. 

. - Your marketing -Are you willing to funnel through applicants in a professional manner, doing background checks, etc?

So we thought it would be helpful to spell out just what we look for in a borrower, and what you can do to make your application even stronger.

If the STR applicant can demonstrate primary occupancy of the ADU or if the ADU was completed prior to 2017 then the ADU can be used as an STR for 120 days and possibly longer with extended home-sharing approval.

That means effective showings, effective applications, checking references, background checks, collecting cash or cashier checks for first & deposit and waiting for them to clear, starting the eviction process immediately if they are a no pay, etc.  

Section 8 can be great, but you have to know the regulations and complications of each area and how that locality processes the applications and tenants.

.—(1) The commission may deny an application for licensure, registration, or permit, or renewal thereof; may place a licensee, registrant, or permittee on probation; may suspend a license, registration, or permit for a period not exceeding 10 years; may revoke a license, registration, or permit; may impose an administrative fine not to exceed $5,000 for each count or separate offense; and may issue a reprimand, and any or all of the foregoing, if it finds that the licensee, registrant, permittee, or applicant:(h) Has shared a commission with, or paid a fee or other compensation to, a person not properly licensed as a broker, broker associate, or sales associate under the laws of this state, for the referral of real estate business, clients, prospects, or customers, or for any one or more of the services set forth in s. 475.01(1)(a).

If you provide the proper usage for the property at the time of application there shouldn't be that sort of exclusion.Overall your point about making sure you have appropriate rather than "cheap" coverage is one I agree with wholeheartedly. 

I spent many years in the insurance business and have never heard of a policy application for an excess, or umbrella, policy to be denied because of a claim, especially a property damage claim.