(In my experience.

To the insurance company they will view an STR differently than a LTR.  

I'm just new to this world and wonder what someone with some experience would do.

Unfortunately, I’ve run into a major issue: I received a Stop Work Notice on my property in Covington, GA, because I didn’t have the proper permits for the renovations.I want to resolve this as quickly and smoothly as possible without jeopardizing the project.Can anyone offer advice or share their experience with:1.How to address the Stop Work Notice with the local authorities?

To maximize my cashflow and gain landlording experience, I’d do STR and MTR in the other units, as well as the other bedrooms in my unit.

Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.

Do you really think you have the skills and experience to handle a D (at best) neighborhood?

its called Social Media so to me its just social chit chat etc that happens to chit chat about something I have done for 50 years and have some experience at :)

2.Does anyone have experience investing in or house hacking in Danbury?

I run a MTR out of my primary bedroom and would be happy to connect and chat about your plans and what my experiences have been.