Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

We couldn't do a traditional second/vacation home loan on the unit because the condo is non-warrantable.

Typically, they'd be looking at your FICO score, experience, and liquidity to qualify you/the property. 

Kandy - You would use your home owners insurance unless they denied the claim.

So, I wanted to see how it’s typically done. 

I typically use a local bank as the operating account for a property, and then if I own the property 100%, I will have a savings account that I will use for my reserve account for all of my properties.

It isn't practical to find "affordable" GCs, at least we've not been able to in our rust belt market, where home prices are way below national average.

You are correct hotel underwriting typically has vacancy built in for cosmetic updates but in this case it appears your improvements far exceed keeping the hotel rooms updated. 

I began getting the home ready to rent out in the fall of 2022.

I have a 3 or 4 bedroom that I would like to rent/lease to an Adult Group Home or Residential Assisted Living .