I manage a property and help screen tenants for a relative and a mix of factors has worked out, not always just strict, on-paper criteria.

I may not be able to take out a HELOC or a home equity loan; not to mention the more strict lenders are since the a Covid-19 started.

I have also asked the same question to some other forums and most people would agree that, small routine questions are uncharged for.

He has a strict no-pet policy now.And I mean, let's be honest here, if a pet pisses and craps in a similar place enough times, there is no getting that smell out without removing the floor and effected walls and even then it can permeate all porous surfaces throughout the unit.

Courts routinely tell Condo HOA's that they can designate building as non rental building.The idea that a HOA tels you that you cannotI look for properties where the HOA fee is no more that 8-10% of expected rent and expense it off for what it is Pre-Paid Maintenance and Capital Improvements.

@Luke Carl This is strictly an owner preference.

Too many times starting off I would get excited over a verbal agreement, a written purchase agreement, etc. only to have the deal fall through at numerous stages of the process (even the day before closing). 8) I've learned to be a lot more understanding of my tenants and treat them with strict rules across the board but still in a friendly way so there is mutual respect.

These loans are more expensive and have strict terms but it may be an avenue for you to get started.  

Rules are much more strict and could limit potential in the future.

If you're going the umbrella insurance route, make sure it will cover you for several things including just the routine slip and fall (like mold or earthquake).