What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

@Mohsin Mazhar why didn't your rental insurance cover the hotel expense?

Eventually their rentals will start to turn a taxable profit and those losses can be “unsuspended”.  

I own 7 rental units and am looking to build a RAL from the group up. 

Purchase price: $55,000 Cash invested: $30,000 Purchased property was renter-occupied at $600/month at the time of purchaseDid not renew lease with tenant.Completed full Renovation at $30,000 6 days on the rental market before the property management team got a signed lease at $1200/month Renter moved in July.ARV $179,980 What made you interested in investing in this type of deal?

Then does the insurance cover a mid-term rental?  

I live out of state (in Washington) but have a few rental properties in the Atlanta area that are managed by a property management company.

Make sure you have the right resources before diving into out-of-state investing, since you won't be able to monitor your rentals in person.

Are you kidding me, your entire investment is based on using the property for short-term rental - any complaints by neighbors and you have to cease.

My current goal is to start with house hacking and move on to long-term single-family rentals.