Depending on the lender and program your biggest hurdles might be credit score and income and time in job. 

@Devon Shives What's the plan to help the mrs improve her credit score?

They typically have multiple origination points (meaning very high closing costs) very high rates (compared to conventional but also compared to 6 month or longer waiting period DSCR products) and almost always have VERY long pre-payment periods up to 5 years.

An original purchase loan was taken in 1998, which was refinanced in 2004, and then again in 2005.

You can replace the switch to one that requires a key to move off and on. 3) We have a repair deductible in our lease, but even so, something originating in the common area wouldn't qualify to be passed onto the tenants.

When vetting a hard money lender, ask about their interest rates, loan terms, and fees (origination, prepayment penalties, etc.).

I screen animals and then assign a score to determine how much to charge.

For me A or B grade means that you can get a tenant with a 700 plus credit score with an income well above the minimum threshold. 

I saw this originally at a hardware store.

Originally posted by @Stetson Miller:Hi @Shane Gorski,You're absolutely correct regarding the difficulties of STR's in Naples, there certainly are a few other local cities that are much more conducive to that strategy, Bonita Springs, Cape Coral, and Fort Myers Beach being a few of the major ones.