You never know when something might happen at your STR and when it does, I can promise you'll be very happy to have a policy that covers it!

The Mobile Aeroplex covers 1,650 acres, and is home to more than seventy companies bringing in almost 4,000 jobs.- Mobile has the twelfth largest port in the U.S. which provides ample different job opportunities such as the Coast Guard, which has a base housed right on the bay, and provides over 1,000 jobs.

@Robert DunbarI would check their lease and see if any language covers this.

Talk with your lender about this proposal...  1) Get a solid quote on the roof replacement and share it with your lender.    2) Put the funds in escrow with your bank for the sole purpose of replacing the roof.    3) Close on the property.    4) Install the roof.    5) Get reimbursed for roof expense out of escrow.Most banks are fine with something like this if they know their downside is covered.  

If they don’t, they could be forced to rely on reserve funds or even increase dues to cover the shortfall until the homes are repaired or rebuilt.

Unlike DSCR (Debt Service Coverage Ratio) loans for smaller multifamily (i.e. duplexes, fourplexes, etc.) that allow market rents (not actual rents) to help determine if the property covers the mortgage payment, commercial loans look at what is happening today.

Otherwise, you won't have the extra funds necessary to cover the rising costs of goods and services in the future.What causes rents (and prices) to increase?

I would want my money to be secured by a promissory note and mortgage on the property in question, and thanks to the advice from some on here, if the property in question isn't enough to cover it, I would need to attach a lien to other property to ensure I can get my money back. 

Or the housing costs may just be too high to cover your expenses.

In this case, I would increase the tenant's rent $55 a month to cover the heat costs.