Quote from @Steven Cornell: I'm currently researching the prospect of short term rental markets relatively close to home which is Saratoga County NY. 

Going through a divorce and trying to decide whether to keep our rental properties or to sell them.

I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.

Quote from @Owen Rosen: The landlord has no interest in the property being insured which are the tenants belongings.  

Do I need to hire a property management company to obtain the rental license? 

We live in San Diego so would be long-distance, TBD if we self-manage or enlist a PM. 

Hello everyone, I was hoping to get some updates on the rental market in Killeen, TX, to be exact the 76549 zip code.

Can someone help me with that question: will a bank refinance a rental property under llc?

Created with the intention of using as a short term rental.

I was wondering what your experience has been, good or bad with buying rental property in close proximity to the firehouse/station?