Here's why:With a DSCR (Debt Service Coverage Ratio) loan, you can leverage the rental income from the property—like the $4,800/month rental revenue—instead of relying on the seller's personal credit or income.

With used cars averaging $34,859 and full-coverage insurance costing $2,496 annually, only California is pricier.

Thanks but not sure what you mean: I had contractors quote all the work and the insurance company agreed to pay the entire amount (with an allowance for "supplemental requests for hidden damage"), except the deductible. 

And also the % coverage of house to land, does that matter?

You have a liability coverage on both. 

Not sure if this option for commercial STR coverage is common knowledge among State Farm agents. 

I show people how to use permanent life insurance to supplement retirement with tax-free income.

.### Renting the Property- With a projected rent of $1450, you need to calculate the Debt Service Coverage Ratio (DSCR) to ensure it's viable

The carrier that has less exposure but chooses to be in that market may price their coverage higher because of greater uncertainty/ less predictability. 

The applicant applies and pays for the coverage, we're listed on the policy as the insured.