You may also consider installing a security system that has glass break monitoring.

I purchased my first property under my personal name and secured a mortgage as a "second home", but the plan was really to rent it out as a STR.

For me, it added an extra level of security/ protection above the regular homeowners policy (injury, property damage etc). 

Or if you want to be more hands on, you can sell/trade options, and earn 1-2% weekly (cash secured put/covered call strategy). 

I am a FTHB and currently taking steps to secure a lender.

Once we get the interest free CC paid off and secure the cash out ReFi's we should be able to have no money of ours into any houses, cash flow a couple thousand each month, and continue to grow. 

If you're trying to do a securities sale with a variable group of investors, Reg CF or Reg D would be the best option.

I also heard of one that had a reverse mortgage on it, which does not allow the mortgagee to rent any portion of the property that secures the mortgage - which essentially makes it a single family usage. 

Should reference monthly rent, due date, security deposit, lease term, ANY oddball agreements (i.e. cut grass for $50/mo off of rent), deferred maintenance requests, etc.

And I will return their security deposit after I assess for any damages after they are out.