No lending institution or bank would be permitted to operate with those ratios.

The operator may trade off the longer term benefits to keep a high quality tenant in place.

It's easier to scale with multifamily properties due to income potential and operations.

I added a pool and did some landscaping and have been using it as a family winter retreat and renting it to a STR operator the rest of the year.

Post insolvency, the framework allows an assessment to all private insurers operating in the state to cover the difference which will subsequently pass the costs along to policy holders.

If this is correct, how much are you cash flowing each month after you pay your operating expenses and make your loan payment?

In Pittsburgh, where I live and operate, this would be a two to three-month process in front of almost all out local district magistrates.

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

The best way to think about it is you're in the business of renting a property-that business isn't operational until it's ready and available for rent (aka in service). 

This isn't 2011-2013 days but many people are stuck in that time period STILL.As I finish my licensing study, I'm very grateful I chose this route as opposed to being a one trick pony.Wholesalers did themselves in by their method of operating.