Assuming you have no pressing liquidity concerns and have a stable household income, I would prefer to buy houses in middle-to-upper middle parts of the metroplex.

I found insurance for the type of renting.   

Do not forget any ongoing expenses you'll have like possibly insurance, property taxes, or anything else?

The prepaid costs are property taxes and insurance.

@John Warren There's a never ending debate on how much an LLC really protects you, as compared to merely buying a generous liability insurance.

They'll get you an application, and contract you need to fill out with your tennant.Everything I've heard about mine is she has a stable job, 2 kids, and when I walked through the place looked and smelled great.Don't stereo type to quickly. 

These days, state laws hold landlord responsible for renting to sex offenders and criminals, and I'm not sure how my insurance company would handle it if one of your subtenants, a known child molester, molested a neighbor's kid.

Greetings everyone , if youre a house hacking landlord and you require renters insurance from your tenants , who’s the benificary on your tenants rental insurance ?

I won't be investing in the riskiest/most supportable asset subclasses such as hotels, and tilt my portfolio the ones that have historically been more stable such as multifamily and single-family housing.

Just add preventative measures and insurance responsibilities to the tenant wanting this freedom/addiction.