I tried renting there one off-season, and I had the same concerns with guests overstaying. 

I think I addressed all your (many) responses, now please just settle on.

If the laws are still concerning to you, then buy a commercial property, like an office or industrial property, in your area. 

If you DM me your email address I'll get you added to our events email list.Regarding the options you listed, I think #1 is best.

I am very concerned.

@Lorenzo Wright, Once I've established a relationship with them, I'm not as concerned.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

Our biggest climate risks in central Texas are typically wind and hail, so anything of concern regarding the roof could get an applicant declined including trees too close to the roof surface, roof over 10 years old, etc.

I have not been concerned about negative cash flowing due to gaining so much equity. 

I recall reading in Forbes that major foundation fixes can add surprising value, becuase it addresses the single biggest fear buyers have.. a shaky structure.From my three decades in fix-and-flips, Ive noticed how important it is to have a team you trust.. from attorneys who know probate deals to realtors willing to drive for dollars with you, scouting hidden gems.