How long it will take to unwind the unemployment situation and what lasting effects this will have on the market and consumer behavior are one of the most significant unknowns about our current situation.This chart of passenger traffic at Austin-Bergstrom International Airport starkly illustrates how rapidly and severely the Austin area economy changed:Major companies and employers are still finding Austin attractive.

I'm not actually advocating you lower your rent to 900, but rather trying to illustrate how insane a 10k yearly make ready cost is.Drastically lower your turnover rate, and dramatically reduce your make ready costs and your home will start producing the way it should.

You can then do absolutely nothing as our law does not allow you to attach a judgement to his homesteadI can think of a couple of ways around this but I am just illustrating how risky this would be in Texas 

You'll know that your policy is maximum over-funded when the ratio of cash value to premium on your illustration is about 85% or better.

Perfect illustration of how real estate is a lagging indictor. 

Had you entered those numbers initially, it would have shown you a higher nightly rate and explained that there was a $245 (7 x $35) extra guest fee line item in there.I'll send you some screen shots from my phone to illustrate what I'm referring to with the goal of helping you know where to look for your future bookings.

I like to tell this story because it illustrates a simple, repeatable, low-risk way to get started and go from thinking you can't get into real estate to giving you a chunk of cash to then go buy something bigger with. 

If its apparent your money is working to its highest potential - great, or if its illustrated that your money could work harder in another opportunity and you have the potential to capitalize on the markets appreciation.

With the MI payout you are actually betting that your property will not cumulatively appreciate/be paid down by 16.5% (4% yearly) in 45 months ($18,000 divided by $400 monthly=45 months); I use 45 months to illustrate how long it will take for the MI payment to reach $18,000, as this is actually how long it will take you to actually save $ if you do the MI paydown. 

You may wonder how my initial cost estimates were so far off, so here are a few examples to illustrate. - I estimated around $5,000 for demo.