Also, in the right areas in Tampa it seems that a STR could be great, and my fiancé does have enough free time to cover the extra time-commitment a STR would require, that part wouldn’t bother us. 

In reality, finding tenants is quite easy, especially if you follow these steps to reduce your risk of vacancy: Living in a growing city in a desirable location increases your chances of finding tenants.

Some will accept lower FICO scores than others, some require that you close in an entity, some won't allow first time homebuyers....just some things to keep in mind. 

The attorney's I use have stated that the online sites do not technically supply all the information required in the bill and stated that if the landlord wants they can probably not accept any of the current online sites like Zillow.

Many states require property managers to be licensed.

What you are referring to is a  DSCR loan which the lending companies do provide, they do require decent down payment and it must have good cash flow.

Hi Dave,As @David M. mentioned, LLCs are pass-through entities so it's more about liability protection than taxes.As a side note, you can get DSCR loans on your personal name if you desire for some programs.

The park's rules requires at least 1 member to be 55+ on the application, so it appears that the co-applicant could be under that age.

@Danae Pitcher, my STR requires a different policy through a different insurer, my LTR policies and umbrella won’t cover STR.

I would require a signed lease from them as well as a security deposit.