These LOCs are typically interest only and adjustable rate, which of course is planned for, again with the equity and the cash flow of the investment, it shouldnt be a problem to at the very least break even, even in the worst of scenarios.

These are good indicators of quality tenants.You can also adjust how much deposit you take as well.

We are also going to see rates start to trend down once the 10 Year treasury start to adjust down.If you have any questions at all or need to pick a Baker's brain feel free to reach out!

The fire prevention policies were different, more aggressive, so far less imperative reasons to sway away from a then amply supplied and I imagine price adjusted material of shake vs fire resilient material. 

Because their investments do NOT have a higher enough ROI adjusted for risk.  

I’m also starting to wonder if my minimum requirements are too high for this area or if I should stick to them.Here’s what I currently require:Application: Everyone 18 or older must complete an application.Screening: Includes income and rental history verification.Background & Credit Check: Clear background and credit check required ($45 application fee).Income: Monthly income must be at least three times the rent (minimum $4,200 combined).Credit Score: Minimum credit score of 650.Eviction History: No prior evictions allowed.I’m considering adjusting these to a credit score of 600 and income of 2.5 times the rent.

Then adjust based on both your and their view of the world.  

Builders often adjust pricing based on rental saturation, which could impact future appreciation.

If there is not enough STRs in the market you are in then you have to adjust business practices.

Keep abreast of the latest fraud techniques and adjust your criteria accordingly.Educate Your Team: Ensure that everyone involved in the leasing process understands the signs of application fraud and knows how to react when they suspect fraudulent activity.Legal ConsiderationsWhile it's important to be vigilant against fraud, it's equally crucial to conduct all screenings within the bounds of the law.