However, I'd appreciate it if someone could confirm this and provide more specific details, including the relevant zip codes.Thanks :)We had a lot of problems with Guests at our STRs in Jacksonville Beach (ended up selling them!).

Many times experience of the buyer, credit history and reserves in addition to what income the property can produce will factor in how the lender will structure the loan. 

Luckily, with 30k+ reservations in 8 years I have only ever been sued because of a pet fee.

This post is my small way of advising against that and hopefully steering some people straight.There's no shame in sitting on cash, building reserves, and being patient right now.

One thing you have to confirm or ask is taxation.

You'll also want to have plenty of your own capital in reserve to deal with vacancies and repairs.I imagine a lot of the tenant-landlord problems can be prevented by providing good customer service and having clear standards, both in who you rent to and how you maintain your property. 

Answer a few questions about your past, take a photo of your ID, and we’ll confirm your identity in seconds.5.

Read the note and mortgage to confirm

Have plenty of cash reserves but want to keep them on hand for any potential problems that may arise.

You will get a higher ROI and have cash reserves to start plus money to invest somewhere else.