On several occasions, I have spotted a new property that I would like to make an offer on only to find that the property already has multiple offers, with some of them being all cash.

I think you'll find, if you DID NOT fill out Seller Property Disclosure form or a give the buyer a DISCLOSURE FORM 17 (Seller Disclosure to buyer) it may fall under a law suit if things do appear.It's been PROVEN on many occasions in Washington State Law that an item, a work defect or a material defect would be "AS IS" but, the whole property that is supposed to be LIVABLE and not CONTAMINATED is not an "AS IS" definition.

If they have one address, you probably need an attorney to write you a good lease with descriptions of the properties, utilities, parking, etc.Most of the fill in the blank leases will have only one place for legal descriptions and probably don't have all the space/blanks etc to get all the separation you want.

If you want to really stand out in a hot, competitive market, catering towards vacations or special occasions - spending a few extra bucks in the rooms or outdoor spaces that will be your first few key photos online - those are your money shots and will ultimately get you more clicks, bookings, better reviews, higher ranking on Airbnb / VRBO and coming full circle - ultimately you'll be able to charge more with the higher demand and occupancy goes up = more money in your pocket.. 

Point blank, you're over paying for a home that's built as cheaply as possible with the lowest quality material. 7% on a new build may seem great but many of these homes are located in areas that should really be yielding 9%+ To me as others mentioned, your best bet is finding a reputable management company and brokerage to work with locally. 

We've looked at using HF's on multiple occasions before.

It's just a Word doc that they fill in the blanks, click Export to PDF, and then email to you.

I have never heard of banks refusing to lend to folks without an LLC for a residence rental, but have heard it for commercial property on occasion. 

I've had good luck with it on several occasions.

They all sell a 12 month policy, quoted in a 12 month price and depending on the carrier you can pay it all up front or select from the pay plans they offer.What your tenant needs to do is buy renters insurance from (fill in the blank) and select a monthly pay plan.