@Linda PhamAll our midterm rentals are in Colorado as are our clients, so I don't know Houston's market.

You can explore bedroom rental also as opposed to the entire unit with 1 party but that is more complicated for management.

However since this is our first rental, we are getting cold feet and suspicion that it might be a money pit or go wrong drastically.

I have family down there and they are driving for dollars and I will be long distance investing with them.

When I moved out I kept as rental.

Does anyone need alternative guest coverage for their short term rental? 

I am wondering how to easly  integrate rental forms ( I use WI Legal Blank) into my landlord software (I am using Simplifyem).

. - how do you estimate the income on mid-term rentals?

Quote from @Jason Malabute: Since the rental contract didn’t begin until January 1, 2025, the IRS would generally consider the property a rental property starting in 2025, not 2024.

For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.