Look for sponsors that have been in the real estate industry thru several economic and market cycles.

From what I read in The Economist, these Sun Belt regions often see steady population growth which can drive healthy rent appreciation.

I had a renter that rearranged all the furniture, left everything absolutely filthy, grease spilled all over the counters and oven, food spilled on the floors and table, trash left everywhere, etc.

Drive around and called the realtor How did you finance this deal?

Drive around and called the realtor How did you finance this deal?

Certain amenities can drive bookings (e.g. having a hot tub) but don't necessarily improve guest satisfaction.  

Drive around and called the realtor How did you finance this deal?

As i was driving through the neighborhood scoping the area out i noticed a new shiny fire department.

The permits are basically over the counter and approved in 3 days..

Freddie has similar intricacies, but also does not require a two year history of receipt; https://guide.freddiemac.com/app/guide/section/5306.4If you can use the rental income to drive the DTI down so that you can reduce the down payment similar to that of the FHA product, the benefits of the conventional option will outweigh the FHA option, as I'm assuming you have a strong FICO based on rate quoted with no points.