Be warned - getting a short term rental to market is expensive, stressful, and exhausting.

I dont see how that can withstand a challenge. 

Only large corporations can withstand this kind of risk.

Licensed with permits ~$3,250.HWT standard gas single family low efficiency without exhaust retrofit $900.Sand and stain hardwood floors, natural stain $3 per sf.Paint interior walls, ceiling trim and doors 3 tone paint scheme 2 coats $3.20 per sf (floor area cost includes paint)Click lock LVT flooring install overlay inclusive of prep and quarter round $4.50 per sf (materials and labor)Asphalt roof installation 3/1 - 800 sf bungalow with 2 layers of shingles - ~$7,900Standard porch cap replacement with 2 new precast concrete steps ~$2,500Used stove or refrigerator delivery and install $350New stove or refrigerator delivery and install $HD model specificUse this as a general guideline. 

I believe once that is exhausted the private ones pick up the tab but they noted it will get passed on to consumers.where I see the issues are if this is now a one in every 5 or 10 or even 20 year event and it's a $1M home (cost to build not total value with land)  then the insurance for these areas is not sustainable.  

Pro tip--make sure your exhaust fan in the bathroom is vented to the atmosphere--meaning out to the outside.....go out the roof or out the side of the unit or secured to an opening in a soffit vent grille off the house. 

In the Houston and Katy markets, prioritize cash-flowing properties that can withstand current high interest rates, and plan to scale by reinvesting cash flow or refinancing when rates drop.

Quote from @Christian Pichardo: Quote from @Jay Hinrichs: taking guru advice not withstanding. keep in mind Dec is the worse month to rent a place.things get better as you move into Jan feb.

I understand that most "Dips" don't last that long when you zoom out, as long as I can withstand the storm when it does come, then i'm good.

Once your primary liability insurance is exhausted, your 3M umbrella would kick in.