So, if a loss occurs while the property is being repaired or renovated, coverage would apply, correct?

Both screen doors upstairs do not function correctly.Plumbing problems-The garbage disposal in the kitchen was not cleaned, is smelly and the rubber is flipped outwards.The bathroom sink in the smaller bedroom does not drain correctly despite us using an entire bottle of drain cleaner on it.Common areas that are not kept clean or have garbage-There was no attempt to clear the patio of years of accumulated debris and filth.

Most who get tripped up are those buying the smaller multi-families that don't possess the correct use permit/historical rental license activity. 

If I remember correctly, there is a provision for properties with Fannie and Freddie loans to be moved to single-member LLCs after 12 months of seasoning if the only member of the LLC is the owner/borrower on the loan. 

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

You are correct; it would be awkward having two different parties staying on the property. 

Correct city sewer.  

That is correct. 

Those certainly discourage contributing to the forums and that’s one area where a dedicated mobile app that leverages on device auto correct capabilities, could help.

I was looking into fixing up and renting a single family home but I just want to make sure I’m starting off correctly.