Although it does reduce the premium slightly for that particular rating factor, it is not optional on the part of the HOA as an intentional cost saving measure.  

You still have to pay taxes and up keep/maintenance etc.

I have a 5 unit in VT and the appraisal weighed the comp approach slightly more than the income approach, because the area was pretty rural.

Any special caveats to include/exclude in the insurance coverage as its a rental property?

Limiting issues and liability is the goal.

They have had talks about letting us approve members in the future but I'm not sure if it will happen or not.For us the benefits of higher cash flow outweigh the costs of evictions when they do come up.

New update:I joined 7Figure Flipping through the Runway Program. 

Sometimes large employers will rent furnished apartments for their employees coming to town on a regular basis.Also, if you believe strongly in the appreciation of the house, how bad would the negative cash flow be if you did long term rental? 

I feel like that has to be rare.Happy to connect with investors in the DMV and beyond.

Were these signed contracts that blew up at the closing table, or just offers that you thought were going to stick and never did?