I used to be in marketing and my wife is an interior designer (freelance). 

Know this - kickbacks and other forms of paying for referrals is illegal for lenders, but many realtors and lenders skirt this in gray areas like a lender sharing marketing costs with realtors and in other ways.

Talk to a local realtor to ask about after reno estimate on the place, but just because you put in $160K in renos, doesn't mean the place is worth an extra $160K.  

If you are not subscribed, go to your settings under your profile, then notifications, marketing emails, and turn on Short-Term Rental Newsletter for now. 

In today's market, HELOC rates could be a dealbreaker on trying to do that so be sure to look through all your options first. 

I have done this with other investors before in my local market. 

And I make sure to already have established email communication with each tenant at/before the start of the lease, and use that same email address (of the two provided in the lease) with the tenant during our relationship.Real life example: I had one leave “in the dark of night” after my local agent posted an eviction notice on the door.

Feel free to message me if you ever want to get together and talk RE - love to hear more about what you're investing goals are in the Twin Cities market!

I would focus on finding a local insurance broker versus going to one of the "captive" shops.

If they don't pay, then it would be grounds for eviction.Raising the rent is an easy option, and it works well in markets that do not allow to bill back.I would see what the competition is doing in your market.Congrats on the dealGino