Institutional investors and now large builders with a for rent model are pouring into the SF rental market.

Plus lending institutions in that space base their decision to a large extent on the borrower's experience. 

According to the Insurance Information Institute, an umbrella policy with $1 million in coverage costs about $150 to $300 per year.

For your first time, an FHA loan with 3.5% down should be your best bet, but I have not done this in so long, I don't know what rules they may have adopted since then.

I haven't done it myself yet but I've heard where lending institutions will finance you based on the income production of the property along with your credit score and down payment.

The one prior was in 1992, caused by the economic cycle (lasted only 8 months) and lingering effects of the first gulf war and problems with savings and loan institutions.

Consider AI and institutional investors, regulation changes as well, it is possible for strategies used today to be highly illegal in the future.We all have hind sight, students today will be in a purely global economy, what we did in the past is not very "forward thinking".In fact, I'd go further for him to consider Engineering at A&M, Engineering and Law at Purdue!

I studied this extensively when I was providing input to the Town re: the STR Homestay program in 2015/2016; let's call a hotel institutional lodging - a community needs a certain percentage of available institutional lodging, per capita, in order to have a viable tourist/short-term stay ecosystem.

What they DO insist on is a PreApproval Letter (PAL) from a lending institution before they show you a property.

Sellers are mostly banks and other financial institutions.