Having the cash would be nice but it would be easy to become routine to the lifestyle with the extra money, and when it's gone you crave the lifestyle that you never could afford to begin with.If you would use it to buy another rental... then maybe.

Besides the regular tenant nightmare issues like tenants letting the pipes freeze due to services being disconnected for non-payment, property damages, ongoing calls about plumbing issues, and the list goes on and on and on... there are other reasons (when dealing with Section 8 tenants) that would not make it cost-effective to be an absentee landlord that doesn't bother with their tenants.There are routine inspections, repair reports, fluctuations in rent portions, and times where NHA will abate (not withhold) rent due to failed inspections.

An extension of the short sale approval is routinely done.  

What are things that I should look for or check when performing a routine inspection?

Let them know that you are available M-F 8:30-5 or whatever for any routine maintenance requests. 

So far I have found one company in the Austin area that seems too expensive, at $6 a foot, and another that installs granite but does not routinely put edges on tile, which is only 1 centimeter thick.

Of course you always have to factor in the quality of the work and not just go with the lowest bidder, but routinely checking what the market price is helps prevent costs from ballooning.

Sellers routinely inflate their numbers to put the property in the best light but I think your evaluation is probably off as well.

You have to have a eye brow raising amount of listings to be red flagged by air bnb.

I set up a weekly schedule that involves lots of studying and what not and what I did noticed was that  my routine incorporated too much subjects/objectives..