IF that is the case full stop - yes you are paying for something called insurance but if you have a claim the company has the right to pretty much deny coverage for having the wrong type of policy.Landlord policies are higher cost but for a reason - there is a different and increased level of risk when the house is not owner occupied.Talk with your agent and get all the details sorted out. 

A detailed PDF using Google Docs.

May I send you over the property details for your purview

Keep detailed records of payment dates and amounts and consult a tax professional to ensure this strategy aligns with your overall tax planning. 

@Chris Seveney Having seen recently sold property details by syndicators, the IRR Audrey mentioned doesn't seem way out of the line.

I'm going to need a few more details.

What's the details on the deal with firstwatch if you don't mind sharing. 

Here’s the situation (personal details removed):The tenant reached out explaining that they’re going through financial difficulties due to an ongoing divorce and lack of child support.

Local professionals can help confirm the numbers.Feel free to reach out if you’d like more details on Oklahoma or want tips on getting started in these markets.

Since you’re planning a mix of long-term and short-term rentals, keeping detailed records and setting up a solid system for managing finances early on will be key.