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.

The group collectively contributes the down payment, closing costs, reserves, and reno $$ if applicable.

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.

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.

@Sue K. mentioned the same removal of OO requirement you did, and really the understanding comes down to a definition of one word. 65852.2(a) (6) (B) Notwithstanding subparagraph (A), a local agency shall not impose an owner-occupant requirement on an accessory dwelling unit permitted between January 1, 2020, to January 1, 2025, during which time the local agency was prohibited from imposing an owner-occupant requirement.This section is from the general discussion of ADU/JADUs and their application ect. but you'll notice the prohibition from requiring OO is specific to the ADU.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Posting in bigger pockets as it is an application for real estate.