That being said, I agree that having a STR specific policy is much better because of the extra coverages offered that addresses things common to the STR industry such as: liquor liability, hot tubs, jet ski's, golf carts, etc.  

That's a pretty significant swing for a rental property.  

The fun novelty of swinging heavy boxes around all night wears off pretty fast haha!

I can see how that would swing the preference depending on where you live.  

There are some variants of this model in WA and other places where you purchase a "membership" but you don't own the parcel, similar to an equity golf club membership.

In my spare time, my hobbies include working on and racing cars with NASA AZ, golf, and wakeboarding at the local lakes.I purchased my first 4Br/2Ba Single Family Home in 2015 right after graduating college in Tempe, AZ.

The swings in prices tend to be larger.So if you are good at timing the market you could do well with "problem" properties.

It also takes risk into account because it predicts you'll make more on the higher value properties, where price swings, rehab overages, and appraisal discrepancies can be greater.

I am a builder so that certainly swings the numbers in my favor.

One upside to this property is that it is less than 1 mile down the road from the local golf course.