I had no idea there was no coverage at all while the property was unoccupied, and even with a new tenant it seems there would not be coverage until they occupied it for at least thirty days.So I am curious how other landlords handle this, do you just roll the dice in between tenants? 

Am not eager to roll the dice on the renter pool available for a November move-in date. 

Quote from @Collin Hays: Quote from @Andrew Steffens: I love thinking outside of the box but I think this would not be a very popular offering. 

No matter how you dice it, you are saving 7.5%/yr.

I suspect I would roll the dice and keep this if I were starting out but I would not rely on being able to refinance out in the near term.  

San Antonio has a few pockets that became super popular with flippers and now there are a bunch of them struggling to sell  

I took a chance and rolled the dice.

I’m a local short-term rental operator here in South Florida, so happy to chime in:Neighborhoods: Popular STR areas in Fort Lauderdale include Las Olas, Victoria Park, and areas near the beach.

This is what happens when popular, but poorly trained trainers, train people & think they know what they're doing. 

This is the BRRRR strategy and is very popular with investors.