It's more of a replacement for the security deposit as they only cover guest damages with some specific stipulations.

Getting the REPS status in order to truly leverage the benefits real estate paper losses offsetting your W2 earnings is something that takes very clear logging of approved activities proving your qualification every year.

Low income subsidized rentals may return a high gross cash flow, but their total investment value in a growing portfolio is more glitter than gold.

Your profile mentions that you are a real estate agent - You want to have a conversation to see if you potentially are eligible to claim real estate professional status which would allow you to treat your rental losses as active instead of passive.Also have a conversation if you are required to make estimated tax payments since there is no withholding on your commissions.Lastly, your profile mentions you are in Florida which does not have a state income tax which opens you up to more options for choosing an accountant.

Any supplies you buy to clean the house between guests. 

Quote from @Alexis Betts: If the closet still has enough room for guests, then I guess this is possible.

They gave me their sob story about not being able to buy traditionally due to immigration status, they told me how hard they work and how excited they were to finally be able to own their home after 12 years of renting.

You are pre-approved based on your status and employment so if nothing changes, you are good to go.

Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!

The house larger 3 br sometimes have guests, esp during the holidays & usually chilly here.