The home was in rough shape—think mold, a hole in the roof, and years of water damage.

As another poster mentioned rates are lower than they've been in the previous 18+ months but unless some very surprising economic data comes out between now and when you did your refi it seems unlikely that rates are going up in the short term and there is at least a decent chance that rates drop a little more before then. 

I'd like to purchase an STR (I probably should have said that), being that I live in South Florida, Orlando isn't too far, but also not close enough that I can drop by anytime, so I thought I'd need a PM, or perhaps just a great team in place as far as a mechanic and cleaner, realtor and lender.Thanks again!  

Last year we had a water leak on a Friday night, we had somebody out immediately Friday night and came back on Saturday to do final clean up. 

Or if you are able to connect to public water &  sewer, this would make the investment much easier.

Do any of these STR insurance policies cover against fire, water, wind or hail damage.

For example, if the roof was "under insured", or if the ground moved below the roof support (I learned recently that  earth movement is not covered under some policies, such as those on the bluffs of Lake Michigan falling into the water).

My jaw dropped open at that amount for only 4 properties.

Or the always popular, “My tenant moved out and stole my washer, dryer, water heater and light fixtures!!!” 

The house has a new roof, but HVAC and water heater replacement might be needed in the next few years.Also, mortgage rates are currently around 7%.