All areas can have different vibes as you put it. 

I've gone through 4 different ones in the past 4 years and I've finally found a good one.

I had the lease wording that says in slightly different wording "This lease is for a year.

Quote from @Tom Server: I beg to differ @Nathan Gesner, about the financially disciplined.

I did a search on the forums and insurance seems like it could be a major problem.I have houses in two different LLC’s in Texas and insurance is not an issue at all.

It looks like a great idea on the surface but the numbers don't stack up from a risk/return point of view as far as I'm concerned (it could be different for you depending on your return expectations).

Talk to different agents in different brokerages and get a feel for what might be a good fit for you.

In our area we have 3 different HUD agencies that provide vouchers to qualifying tenants.  

you can point to your policy (that you provided to them 2-5 different times) and the timestamp on the applications received showing they weren't first in line. 

Curious to know if anyone else does the model this current day. 2019 was a different ballgame than todays market for sure and I think the model can work but it's very few and far between where the numbers will make sense in todays market.