Any suggestions for what coverages need to go into the property insurance policy? 

The local area has a few attractions and similar STRs have done well based on what I see online)The plan is simple. 

@Hoai Nguyen suggest modifying your current lease to cover multi-family setup.Parking, shared access, police report required for landlord to get involved in disputes, etc.

It was my first deal and it seemed simple at first.

You can set specific criteria to spot underpriced homes, distressed properties, or anything that’s flown under the radar.I know several investors have had more luck with using water shut off lists, so while it's more work, that might be an even better approach.One thing to note is that Privy compiles real-time MLS data and integrates public records, so you’re not just getting a snapshot of the listing status but a full picture, including owner history, property condition, and any price drops over time.That said, if your focus is primarily on expired listings, I'd also suggest checking out RedX—they’re known for their niche in expireds and FSBOs.

These deals weren't easy-to-find "low-hanging fruit" but there are great deals are out there.Since you mentioned that you are getting started, I highly suggest you house-hack (this is how I got started in Costa Mesa, Orange County).

I’m open to any suggestions or feedback you may have.Thank you!

However, I would suggest you calculate a 5-10 year pro forma on each property and calculate an overall IRR for each so you can compare and contrast based on your risk tolerance.

A simple spreadsheet for tracking this can be used, I am happy to share a copy of the one we give our clients. 

Simple answer: the faster you pay off the debt, the less interest you will pay.