@Ryan Fox and if you require renters insurance and have a cancellation clause in the lease in the case of habitability issues due to a disaster they still want you to provide replacement housing?   

As a LL we fix things based on safety, habitability and long term "health" of the unit.

Perhaps offer a rent concession for the 5 days the home was not habitable but even that is a slippery slope given they are a STR operator and the home could go weeks without occupancy and that in itself could be the reason why items such as frozen pipes occur.

Here is exactly what I am doing right nowI started with personal improvement books such as Atomic Habits, How to Win Friends and Influence People, Can't Hurt Me by Goggins, The Intelligent Investor,...I do believe it's important for me to set out a good mindset, good habits, and a good work ethic before doing anything.

Investors, by participating in LIHTC programs, contribute to the development of sustainable and inclusive communities.Understanding the nuances of these tax credits is vital for real estate investors.

Bank loans or conforming loans may work for properties that are habitable and not in need of significant renovation.

Depending on your goals for the property and how much underwriting you want to be subjected to - your options are broadly as follows. 1) If the property is habitable and just needs some updates and minor repairs and you would like to keep it as a rental - conforming loans will be the cheapest rate and fees, require full underwriting on you, and your income will be considered to buy the property - think DTI ratio. 2) If the property is not habitable that leaves you with something like a hard money loan or private loan - which are normally short term debt.

source_impression_id=p...Here is the code section from the 2021 IRC:Habitable Spaces, Hallways, Basements with habitable spaces and hallways shall have a minimum ceiling height of no less than 7 feet.Bathroom and Laundry Rooms shall have a minimum ceiling height of no less than 6 feet 8 inches.A room that has a sloped ceiling shall at no point have a ceiling height less than 5 feet and no less than 50% of the floor area shall have a ceiling height less than 7 feet. 

The reason goes back to RE investing 101 - you make money on equity, deleveraging, apreciation and tax shelter - cash flow is actually the smallest, while still absolutly vital to keep your biz alive. 

If you decide to go the out of state route it'll be vital to connect with local professionals in the area and build your core 4: https://www.biggerpockets.com/blog/core-four-real-estate-tea...