If you try to become what each individual investor wants transaction by transaction you will tend to become very inefficient and not be very productive.

Below are our 15-year results from >450 properties:Average rent growth of 8% since 2013.Average appreciation of over 15% since 2013The average tenant stay is over 5 years.Only 5 evictions in 15 years2008 crash - Zero decline in rent and zero vacancies.COVID - Almost no impactEviction moratorium - No impact2022 YoY rent growth 18%, appreciation 32%We achieved these results through the combination of the right location, tenant pool, and property selection.

@Mark Cohen there are not insurance products that will insure against an under performing business operation. 

If you've structured the deal in such a way that allows you to have a good amount of equity in the property within a reasonable timeframe, then a good option may be conventional products like the FHA loan.

I've not listened to the pod cast, but I haven't had any decline or trouble with staying booked up.I only buy nice vacation destination rental houses and maybe that is the difference.

All of my clean and overbid offers were declined.

It's unclear from the question whether the home you already own has a vacation home loan as well.IE if home A is an investment property, then you can buy home B as a vacation home.If home A is a vacation home, then you cannot buy home B as a vacation home.If home A is a vacation home and you're desperate to buy home B as a vacation home, I would think you could refinance home A into a different loan product, and then the vacation home loan would be eligible for that area again. 

If they opt not to accept the property by declining to timely give you a non-refundable reservation fee or actually sign the lease with a full security deposit and first month's rent THEN AND ONLY THEN should you process the next applicant.You should not process multiple people and select one subjectively; you're asking for trouble with fair housing when someone claims they were discriminated against.Offer the property to the first one that applies that meets your written standards for qualification.

I set up a Service in Products and Services and linked it to the Income Account "Billable Expense Income" (BEI).

When getting a mortgage, there are several more highly leveraged (low down payment / equity) loan products for owner occupied property.