@Max Bellino,I understand your perspective.

Throw in a dose of imposter syndrome and fatalism and you have a recipe for some mood swings right before a property is booked again.From a practical point, I would recommend great photos, a clearly defined target to whom you are advertising and understanding the best pricing of an area really well to ake sure you get booked in a timely fashion.From a more meta perspective, be aware that these listings don't typically get booked well in advance (families displaced by flood or fire, traveling nurses who need a new contract ASAP, and construction projects that realize they need a speciality engineer on-site RIGHT NOW don't book ahead). 

You are a typical internet anonymous troll who pops in and out and sauces the forums with their perspective and looks outward and not inward.

If I've said it once, I've said it 1000 times: don't include a clause in your lease if you don't understand it or are unwilling to enforce it.I recommend you politely explain your perspective, then ask her to work with you to help market the property and find a new renter. 

Here's another perspective: Insurance is for liability protection.

***You'd want to make it worthwhile to foreclose and also be safe***If someone is an A Paper borrower just needing to close fast, some of my investors will go 75 LTV.You can also always feel more comfortable on a purchase rather than a refi, as people are bringing skin into the game, not trying to exit.That's an interesting perspective, especially regarding the different LTV thresholds based on the borrower's situation.

Talk to locals, have someone take video walkthroughs, get multiple perspectives.

But, if they don't have some sort of formal training/experience within the industry hiring them is a terrible idea (from what I've heard).Just to put this into perspective, all of our bookkeepers are U.S.

Which option will you choose, which one will be cheaper from a long-term perspective?

From my perspective you're better off doing the deal as a rent to own.