Because they know you'll probably never make a claim, or your claim won't qualify. 

A typical policy for short term rentals is going to cover most, if not all, of the perils you have listed.But if it is a homeowner's policy or standard landlord policy, the insurer may well deny claims, since the property is being used differently than what is described in the policy. 

You mentioned buying a MTR condo.Is your income below $150,000 or are you able to claim real estate professional status?

**Searching**: Individuals can search for unclaimed funds in their name through the [Ohio Division of Unclaimed Funds website](https://unclaimedfunds.ohio.gov/app/claim-search).

Quote from @Ben Trageser: If you live in your short-term rental (STR) property in a future year after claiming depreciation, depreciation recapture does not occur immediately.

I'm seeking advise from people who may have been down this road before on whether we should seeking other financing methods to go LLC to LLC or quit claim the lot back to our personal names to satisfy the 1031 exchange rules. 

(example)A 3115 will be required to claimed the missed depreciation.

They snuck under the rules by claiming that private individuals had the right to offer other private individuals the service.So again, how do these cities get away with regulating people's abilities to rent their homes on a short term basis? 

I have never had to file a claim though so I can't speak to that experience. 

-Before each eviction, FPM sends a polished video claiming they’ll pursue the tenant in court and recover lost rent.