And to protect your investments, having an up-to-date appraisal and insurance coverage offers added protection and peace of mind."

It's pretty comprehensive with everything you need to know about STR, which could be helpful if you're looking to buy on a lake here in ME. 

Illustration: 4 X 1,250 = $5,000 * 75% = 4,000 / month - 1 unit for you to live there = $3,000 in debt coverage. 

From all the lender I've talked to they usually require a 620+ Credit score, 20-25% down payment and as long as it has a 1:1 coverage Ratio you can get a 30 year fixed rate. 

Many home warranties require you to pay for upgraded coverage for items such as refrigerators and garage doors.

For a non-owner-occupied property 1-4 units you can use the market value rental income of the property itself to qualify, based solely on Debt Service Coverage Ratio (DSCR) where the rent to property charge ratio is all that matters (Principal + Interest + Taxes + Ins + HOA). 

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

Who provides the best coverage and price will depend on a lot of factors:- Fire Protection at the location (hydrants or not, distance to fire station, etc.)- Condition of house and property (have the systems such as Roof, Plumbing, Heating, Electrical been updated) - claims history of the property- age of the buildingI would suggest seeking out an independent agent that can quote multiple markets.  

If they can not provided the coverage and do not represent multiple Insurance companies, look for an Independent Agent to quote this up for you. 

Insurance wise, depending on the severity of the damages, you may have loss of rents coverage.