There're ways to plan your trip around this requirement, but not how you do it.

You can find a company that doesn't have a high spend/volume requirement and flexible pricing options based on your needs.

I've found luck obtaining information/licensing requirements first on the county's website under zoning, and then reaching out to the specific town/city and verifying any further requirements they may have over the county's.

Some mortgage lenders and local regulations may require you to have landlord insurance once you convert your property into a full rental.

Hi im a fellow landlord currently participating in the ULA ERAP , Im seeing this "Manager Approval Required" is that a status you seen while going through the process?

You could either purchase it with a stabilized bridge loan which usually requires 25% down payment.

. $1150/month. 1st month and 1 month security deposit required.

So even if you can find a sponsor with the requisite experience you will also have to meet the individual property value requirements of the portfolio lender.

Do any of you require your tenants to have Renter's Insurance? 

Our company won't accept, "addition interest" for this reason.Also, this is being misrepresented by the agent, since insurance companies ALL add lenders as, "additionally insured" as required per mortgage docs.