By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind. 

., and a Real Estate Investment Brokerage in case you ever decide to sell.By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind. 

Since many of the homeowners quotes are giving us a huge discount for the wind mitigation inspection we have, would it make sense to get a homeowners to specifically cover Wind/Flood damage, and a separate STR policy to only cover fires and other general tenant damage? 

Certainly not the case there though as they are international students, so aside from the reference checks that came back...I suppose I was trying to "help them" by offering double deposit to mitigate my risk.

If you decide to proceed, I would ask for a bigger deposit to mitigate your risk, make your rules and expectations clear, and I would contact the police station to see if you can get notification of any police calls to the property.  

This will lower your premium sometimes enough to mitigate the upfront costs over the next few years.

This means you must have risk mitigation plans.  

Ways to mitigate the risk include:Require that Landord be listed as additional insured on all policies; and that the policies be primary/non-contributory.  

A robust business plan should address potential risks and outline strategies to mitigate them.

So the chance of this outbreak affecting them 12 mo from now is low.