Insurance companies have many exclusions and they may not cover everything, but they can help to pay for some of the costs of a lawsuit.Good:Using one LLC for all of your rental properties.

As for the Capital Gains exclusion, talk to a CPA to fully understand how that works...

Quote from @Justin Brickman: I believe you both have to live in the home for 2 of the last 5 years in order to qualify for the nontaxable $500K  That is correct, google "section 121 exclusion" or talk with your accountant for more info! 

A sale at $700k would still mean you'd be under the $250k sec121 exclusion (since it sounds like you arent' married yet). 

Because my income starting out is expected to be around 200 K, I believe that I can rely exclusively upon conventional financing to begin with, until I exhaust the total of 10 mortgages for which I am eligible, and proceed to snowball all profits into paying off each consecutive property -- each time I pay one off, I will be eligible for another (10th) conventional loan, as well as a home equity loan secured by the recently paid off property, which I can use to buy 1-2 more properties.

adults=1&...Hope this helps!

They can, but they don't get access to MLS because its exclusively NARs property. 

This is executed thru an Exclusive Right to Sell agreement you and the agent sign before you list the property for sale.

Quote from @Taylor Robertson: This is common, but you have to be careful and follow your process.Every adult should pass your screening and be added to the lease.

Previous recent history as a long-term rental where rental income was $2700.Financial Snapshot: Both adults have solid W-2 jobs.