Hi Rahul,Is your plan here to get a short-term hard money financing, then refinance out to a 30 year fixed?

It's your job as the investor to project the other expenses, based on how you plan to operate the property.

While this initial policy allowed me to secure conventional financing, I'm now in the process of planning and executing renovations to enhance the value and appeal of my home, with the goal of switching to a different insurance policy after completing the remodel and being refunded the unused portion of the escrow.

What kind of investing are you looking to do, and are you planning to do it in Columbia, SC?

Physical therapists, specialty doctors and administrators often need short stay long term rentals.Remember that you will need to vet each guest and use a regular lease, not a rental agreement for under 30 day stays.

@Ryan Runchey If you are planning to scale up in the future, then QBO is a good option and you can start with the lower tier subscription for a single property, you can upgrade later when you acquire more properties.

Its important that you go with the plan that makes the most sense for your facts and circumstances  

I plan to research more on the MTR space.

I also  plan on doing a check in check out sheet similar to that of our long term rental in case any damages they would be liable as well.   

Seems like this would make a great business plan if it was even possible