For example, software may run a report for an application, but it doesn't know how to actually evaluate the applicant and determine if they are a good fit for your rental.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Also what was the quote you got, and was it on a primary or on a rental and at what LTV?

Save a few properties and watch them on the rental market if you are looking to do LTRs.or If you are looking to do STR find local listings and watch those listings and check the booking availability week to see how they perform and how far out they get booked and the nightly cost.

Those type of things drive rental revenue and attract more guests.

What's your strategy for buying your first rental property?

PM can't guarantee either timeframe or 2300 rental.

Yes, I own other rental properties. 

Are there ways you can capitalize on your current properties, like add an attached or detached ADU to bring in more rental income?

The property is ~75% occupied, so it wouldn't qualify for agency programs.The seller is extremely motivated and may even consider seller financing her equity.