Or do you simply assume all contractors do the same work, the same way, with identical materials?

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

I am assuming the units are not all identical? 

The insurance company will send you verification of the policy and they'll notify you if the tenant ever tries to cancel the policy.

Obviously credit background and income verification.

What you do with it is up to you, but because these loans are inherently risky (no income verification always is) and you're asking lenders to put up their money to fund your venture, while not asking you for much other than a minimum of 15% down, they are going to ask for a specific return on their investment. 

I don't agree with security cameras except to monitor the entrances for security or verification of who's staying in the home.

Feasibility study and 3rd party verification shows extremely high demand in a very underserved market.Financing on this deal is $1.5 million raised from investor partners, all in for $5 million, $3.46 million financed at 65% LTV, 6.25% interest (banks still have funds earmarked for storage that are lending at competitive rates because it is considered to be a very stable asset class), 3 years of Interest Only payments, 25 year amortization.That puts our Gross Potential Income at year 2 at $946k, and we typically increase rents once we hit 60% occupancy.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

His number and my number on turbotax matched almost identically.