Quote from @John Mason: Good MorningLet us say I buy a high end STR  around a million dollars and after a few years STR is banned in that location, what would be the strategy to rent it out? 

Need to obtain appropriate licenses to run the business and obtain the appropriate insurance with $2M liability.

Hi Shay in Atlanta, Georgia-You are planning to renovate an unfinished basement, close up a carport/renovate into a living space, and convert a closed garage into a living space and wonder if you need to obtain permits.It looks like you are planning to live in the property and rent out rooms to others or house hack.I would always get permits for the following reasons.1.

So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyWe also obtain data from national databases about evictions, convictions, and sex-offender histories.

I'd like advice on the best way to manage my property (I will use Innago for collecting rental payments), obtaining landlord insurance, tax write-offs, and maintenance. 

Quote from @John Reagan Johnson:Let's say to cover your mortgage, you have to make your rental rate a couple of hundred dollars more than rental market value for your property.

Most importantly, I believe anyone who buys investment real estate should be qualified to obtain a loan from a bank, even if they opt to use an alternative lender.

I am definitely looking to obtain funding for the down payment as well.

You are losing thousands of dollars a month in potential rents and actual expenses.

The rates & terms they have access to seemed reasonable and I want to obtain a mortgage through them, but I can't find anything on them beyond 3 facebook reviews.