Insurance companies are always looking for MTR that are furnished like ours  never stays vacant more than a week.

Quote from @Mike Donovan: Found this thread as I am researching Landlord insurance as it relates to student housing.  

The main thing that pops out at me every month is that less than half of my payment goes to paying the principle down, over half goes to the interest, taxes, and insurance, ect. 

STRs can bring great returns but are higher risk and more hands-on, like small-cap stocks, while long-term rentals are stable and predictable, like large-cap investments.

(NY counties are generally quite expensive)Do you have home owners insurance to cover fire or other damage?

I could buy a LOT of umbrella (additional liability) insurance for $13,000.

Assuming property taxes + insurance added don't go above $1,100 total, you could maybe make this work. 

File lien if you find assets. (3) File wage and bank garnishment if you have bank account number and current employer. (4) In most cases it is impossible to find current whereabouts of the tenant to serve any papers (garnishment papers)(5) We have started asking for car insurance cards to get information on the car, the only asset most tenants posses.(6) We have not been able to find new address of any of the evicted tenants.

This allowed us to maximize revenue and occupancy more effectively.Safely Insurance: We also decided to use Safely Insurance, which provides comprehensive coverage for guest damages, liability, and protection beyond what Airbnb or Vrbo offer.

You would also want to add the LLC entity as an "Additional Insured" party onto the landlord insurance for the property.