I think it just benefits current owners. our replacement cost variability just went up a lot for the next 4 years.

Since the repairs were two owners ago, I would think the town may be a little more lenient with you.With the new kitchen and bathroom, were they existing and just got renovated or were they added on?

Generally speaking when you find more owner occupied properties and less rentals you're in C+/B class.

This isn't totally necessary, but meeting property owners if you need to is a great way to win a deal

Nate @Nate Marroquin   You can use the income from your tax returns on the current rental adding back your paper loss (depreciation) and add back the mortgage interest, property taxes, home owners insurance deductions on your tax returns. 

In many cases, it weakens the lender's position as they did not underwrite the buyer and an owner-occupant tends to pay better than non-owner-occupants.

You would want to look for an owner that has a loan through a bank or credit union or one that has no mortgage. 

Ask to speak with some of their current owners and current/former tenants.

I'm an Asheville STR owner and a broker on the Cashiers/Highlands Plateau.

The previous owner started to repair it.Looks a little rough, but we’ll get her all fixed up.