For rate scenarios lenders need to know much more info:1) SFH, Condo, or?

Best to you and this journey.

Tenants in many markets already believe they pay too much (contrary to recent studies that show rent to property values have never been lower for the large US cities).If my insurance costs are not double my current rates over the next couple years, I will be pleasantly surprised.  

But personally, sometimes the best strategy is protecting what you've built rather than pushing for more.

Best of luck!

I think chatting with hosts is the BEST way to get sound and clear cut data (given they keep P/Ls, etc.) because I know I've heard from some folks rumor the idea that Airdna skews data a little bit to make numbers look better than actuality to encourage folks to invest in the area & use their platform to see data.

What's the best way to navigate this situation regarding the application process as well as the lease administration?

Hey Jonathan, Best way to learn is to go to every meet up you can and ask a tons of questions and listen to the stories of experiences investors to figure out which route you want to take in your journey.

OccupancyMost lenders require a minimum occupancy rate of 85%.

Option 1: The loan that the owner has is an assumable loan at a 3.875% rate and still has about $265K.