That is going to put a practical limit on what you can charge and expect to keep them.

I have read about some cities limiting the maximum unrelated renters. 

You have to do an analysis of what the cash flow is taking into account - mortgage loan and rate, insurance, taxes (High in some parts of Texas) Vacancy, repairs, cost of processing applications, showing, writing up leases or paying property management to do it.   

I focus on buy and hold long term rentals, but I've explored the airbnb model for several of our properties, and I'm a (painfully) frequent user....my input is limited, but here goes: - if I were you, my first step would be to study up on the local ordinances around short term rentals.

Eventually it will stop as we have very limited space with an area of about 316 km².Anyway, I want to get in this before it's too late.

So far it has been listed for a week and has 5 showings with 4 applications and I am expecting some more this next week.My final decision was based on opportunity cost.

Hi All, We have been self managing for over 20 years in SFH's, mostly in FL  and have been confronted with a number of tenant applicants who have assistance or therapy animals recently.

@Chayson Descisciolo All of our properties are inside the city limits, but outside the downtown core.

Often these management firms have interested applicants from other properties recently listed.

Everywhere I go they ask for W2s that I don't have and the ones who are ok with not having W2s say "it's ok just get your tax returns then"On top of the lack of tax paperwork my houses are also only worth about $45k each so I would need to combine all 3 into one loan and that's limited me quite a bit as well...