Both times the tenants had renters insurance in place which took care of the issue so my client (the landlord) did not have to get involved nor make a claim on the landlord policy.We are very much in a hard insurance market right now - many carriers will not accept a new policy from you if you have a property or liability claim within the last 3 to 5 years (depending on the carrier) so you really don't want to make a claim right now if you don't have a large loss or can get it sorted yourself.

Now if you have a health care company paying the credit part is no longer an issue and they do background checks on all employees.

I have had issue after issue in my apartment.

In 2016, the city stopped issuing new non-owner occupied STR licenses - known as Type 2 licenses - for short-term rentals in certain residential areas.

How long you've had the properties and what the biggest issues were?

just use common sense.ALL lender in US is following the same logic when they offer you a loan :) that's a basic principle.What I tell you is how the scammer works.

I just spoke with Steve Lansbury VP of underwriting at Freddie Mac last Thursday at the MFE conference in Vegas and he said that they no longer have issues with STRs as long as it's under 10% of total units and that they would be willing to discuss it on a case by case basis. 

This is common in San Diego and as you were able to conclude the initial cash flow at high LTV will be big negative. 

For example, a sandwich lease carries some of the same risks that any landlord faces, what I call the tenants and toilets issues. 

There was an opportunity to help a fellow investor who had his family growing and needed to dispose of the property to get rid of problematic tenant issues, rising taxes, and invest in other opportunities closer to home.