The loan is limited to 50% of the balance of $50K whichever is less.  

Market Research: Whichever market you choose, thorough market research is key.

Whichever path you decide to take, make sure you set realistic expectations so that you don't get frustrated and quit.

It is actually your actual basis or current appraisal…whichever is Lower.

I use Pricelabs to automate the dynamic pricing.I use a digital guidebook to provide all the information about the property and the specific units to my guests to minimize questions from them.I push all guests to communicate via the Airbnb/VRBO apps, to minimize disruptions on my personal cell phone or email. 

I'll take a cell phone but no computer.

I believe it is a good practice because in a pinch tenants will pay whichever bill screams the loudest.

This tenant is a great example of why they should never have a personal cell phone. 

.), as well as previous two months of bank statements / investment accounts, whichever they'd like to provide (can they pay rent if they lost their job?).

:)   Perhaps you'll have to work WITH a local Roofer to replace your roof (or do repairs), then you'll save $ and have an Invoice showing it was done, for whichever Ins Co you are with.