@Trevor McCormick to piggyback off what others have said, determine if you are trying to maximize it as an investment or utilize it as a vacation home you will STR to help cover expenses, as this could dictate which type of property you are looking for. 

My broker could not find any other carrier to cover a rental condo. 

Insurance doesn't cover anything anymore and we can almost just pay for all damages with the money we spend on it! 

For example do you have a great w2 and can you afford to cover costs of a major repair or 3 months of vacancy?

Namely, that if a tenant (in this case accompanied by a whole family) ends up stop paying rent and I would be on the hook for both covering the mortgage and dealing with open ended legal costs and time.

Look at what high interest credit cards you can get rid of, pay down, or move to zero interest promotion cards for say 15 months etc.

Avantstay provides $1M liability insurance and they cover all guest-related damages (for master lease).

That can be a draw back if the market is on a mad run up tho.Also, I would always have enough in a heloc to cover your 401k loan in the event of job loss or if you quit your job. 

Each property qualifies on its own economic merits (i.e. rental income covering PITI payments)This is one of the main advantages for DSCR financing, i.e. the ability to scale without any kind of DTI limit imposed by conventional financing.

This statute section covers items on PMc's, and as detail here, an exclusionary clause to the statute which via that exclusionary clause it there in becomes an empowerment for the referenced actions being exempt from the prevailing statutes for that item.