For SFH, small MF, most commercial, etc should have a correction. 

I also took this entire section, and fed it to both ChatGPT and Google' Gemini's AIs to see if the calculations seemed correct.

Our guests are a mixture of workers in town to those visiting university for homecoming/graduation ect.

I think it is a typical Midwest market with a mixture of A through D neighborhoods scattered about.

Most are being encouraged to buy Class B-minus rentals and below, but no one corrects them about their mistake of using Class A assumptions on these rentals:When a newbie gets smacked with reality via their losses, they then can only suck it up until time improves their mistake or dump at a loss.So, my question is, why can't we all do better and grow our industry with integrity?

I want to make sure everything is legally correct, so I don’t have issues because I missed somethingYou do not need a license to rent out a property that you have ownership in

The property had foundation work done just prior to the sale but continued having problems, even after I hired a second contractor to correct.

I'm not sure I understand correctly. 

You need to have the correct insurance for a STR.

Hi Benjamin, Thanks for you response, I just want to make sure I understand you correctly, are you saying the premise liability coverage should be 1 million dollar for each occurrence?