Quote from @Sonja Revells: @Chris Seveney primarily Padsplits  I would speak to a few lenders first before going through all these hoops, as I started to do this then when talking to banks they were basically telling me either get a secured mortgage as they will not lend to a real estate company on unsecured credit/debt.

Personal connections to high ranking officials at top data companies2.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

The security deposit should never be used for anything during the lease.

The other factor to consider is less tangible, but comes with mental security.  

.$69.99 eufy SoloCam S220 Solar Powered - https://www.amazon.com/eufy-Security-Continuous-Resolution-C...We did buy these for the rental but I haven't installed them.

Because of the lease, an MTR operator will often pay first month's rent, security deposit, pet deposit, last month's rent, and even lease application fees.

Verify STR regulations in Littleton/Denver and secure permits.

I recommend having your deals secured by a mortgage and a promissory note for your investors.

If your DSCR has improved or market rates have dropped, refinancing might secure you better terms and improve cash flow.