As most of you know rent payments don’t show up on the credit report (usually) There is absolutely no reason why showing proof of on time or simply past normal monthly rent payments Showing a regular pattern of payment can’t be part of requirementsto rent to someone.  

Christopher,The limits and prices of the individual coverage for both option are identical.

They are generally more problematic and generally more costly than a regular renter would be.

Renovation loans are different compare to regular loan.

It will be 500k minimum up to 25 million and you qualify like a regular loan with full underwriting but it's a praticipation with the Fed. 4 year loan 1 or 3 month libor =300 basis points. 1pt servicing fee and 1 pt fee to Fed.

It's something I think about regularly. 

I see them semi-regular but we expect outstanding ROI so RE that others may find acceptable we usually pass. 

Most important to me is that income is regular, sufficient, legal, and verifiable.

There are several of you who respond to our inquiries on the regular here in the BP forum(s).

We regularly see 7-8% CAP and great cashflow here in Ohio, and similar appreciation rates, as do several other Midwestern markets.