If they change their mind, I put the property back on the market and look for a new tenant.

Sell our house (~$700k) and invest in 2–3 smaller rental properties in the Houston area, a market we’re familiar with.

Your contractors, staff, and the financial markets will create challenges. 

You have many people who say midwest markets are now appreciation markets, but I disagree with that statement.

Cash flow is crucial, especially if you depend on it for your monthly income.Selling the property for $170k, which is above its market value of $120k, might seem like a good deal initially.

I am looking to do AirBNB Arbitrage in Lancaster area as it is the closeby market to me.

Your choice:1) Because of your failure to prove you have obtained renters insurance upon moving in this is your 5-7-9 (how ever many days required in your market) notice to cure the problem or leave the premises at the end of the month. . 2) Because you have failed to provide prof of renters insurance upon move in a policy will be provided for you starting March 1st through insurance company X at a cost of $xxx.xx.

Every market will vary due to labor costs. 

I want to be able to find potential markets/listings nationally based on the return.

Even though your market might prove expensive, I would exhaust all options before ruling it out.Truth is, you have a unique competitive advantage in your market.