No one can 100% answer you what you can do here.The one general question I would give my opinion on is if the resident is responsible to pay for the damages, do no wait to use the security deposit.

Hey my name is Julian Frazier, I am a nineteen year old resident of Cincinnati, Ohio.

Investment Info:Single-family residence fix & flip investment in San Juan Capistrano.

I currently reside in CO so looking to invest remotely.ThanksHi Mathew, I would also recommend looking into the Columbus OH market if you're planning to do BRRRRs.

Every adult residing in your rental should apply, be approved by you, and sign the lease.

Investment Info:Single-family residence buy & hold investment.

Hi Jim, if the property isn't being used as a STR currently, certain DSCR lenders can use data like AirDNA to qualify for financing.

Multiple stipulations to qualifying but if one does their due diligence, it’s fairly straight forward.

If I were in your shoes and you wanted to keep them on MTM I would have them still sign a MTM lease and make the one resident pay a deposit, assuming you can sign new MTM leases in your area.I personally would still probably shift them to longer-term leases anyway, but it's not a bad idea to feel them out for a few months.

660 and above should qualify you for DSCR.