@Yinna Wang Make sure whoever wrote the policy knows that one unit is being rented because there may be additional requirements.

There is a range of DSCR lender underwriting policies for "1st time investors" - some don't allow it, some do with no restrictions, and some in the middle (typically cut max LTV by 5% or so and restrict against anything over 4 units)Also - check out these BiggerPockets articles for a ton of info about DSCR loans:DSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

Your insurance policy may cover the damages but the likelihood of renters insurance covering it is close to zero.

They got Jared a policy that ran around $4,100 a year, which wasn’t exactly pocket change, but it felt like a workable number once he factored in the premium he could charge per night.

I have the rental properties insured with a variety of lenders and no issues with putting all of them under the umbrella policy.

I've contacted 8 insurance companies/brokers and no one offers policies (issue being the subleasing).

@Benoy Varghese When I take over a property I send a letter to the existing tenants introducing myself and telling them where to send rent and provide the necessary information regarding my policy for dealing with maintenance issues.

This policy will provide additional coverage above what your existing policy covers.

such as by including affirmative coverage for forced removal in the loan policy. 

Our insurance policy for the project alone was well over $100k.