Rental - Commercial banks look for 1.2 debt coverage ratio.

Tell them it's a blanket loan and your borrower needs a title search on each property $$$$.I'm not saying don't seek qualified legal advice, just saying this is pretty slam dunk stuff at a title company and they can give you title coverage on your loan. :)

@Joshua Wileczek - You're missing a number of factors you need to take into consideration.Your monthly budget should include all of the following on top of mortgage, PMI, and taxes:Repairs - $160CapEx - $160Vacancy - $136Property Management - $160Insurance - Somewhere between 50 and 120 a month depending on your coverage and agent.In that regard  Here's how the numbers would break down Rent $ 1,700.00 Mortgage/Taxes/PMI $ -1,150.00 Repairs $ -160.00 CapEx $ -160.00 Vacancy $ -136.00 Property Management $ -160.00 Insurance $ -75.00 NOI - aka..cash flow $ -141.00Based on this math it doesn't look like a good investment to me..and is the reason why in spite of living in Southern New Jersey, I don't actually invest here :)

-Check your insurance coverage.

The agent will be able to easily add liability coverage for the rental until.

.*) Technically, this is essentially a comparative market analysis (CMA), but much more objective and comprehensive.

Your title insurance will "except out" this requirement (no coverage).

Also vrbo has done a huge progress in the past few months with a much better calendar, better user interface in general,  $1M liability coverage and a better phone customer service (than airbnb).

2) What type of insurance coverage should I be looking into for these secondary properties and can I get this insurance through my normal agent that covers our family home or do you need to get "special" insurance for this investment "secondary" property?  

The infra red is good so I have night coverage too.