Again closets have nothing to do with the legality of a bedroom.If your emergency egress window is below grade you will need a window well of at least 9 sqft and it must protrude at least 3' in out from the basement wall and allow the window to fully open. 

I opened a new host account to handle guest interactions myself, hired a local handyman for emergencies, and found a cleaning person who could also act as my eyes and ears for any required handyman services.

Does this type of procedure qualify for the capital gains exemption?

I have one myself that I use mainly as an emergency fund and occasionally to take advantage of an opportunity that pops up.

RPA is a Milwaukee based non-profit and your support is appreciated.We are hosting an emergency Zoom call tomorrow with Atty Tristan Pettit, anyone can join, details under RPAWI.org

We will put that $95,000 into the emergency fund and continue to save money until our next purchase.

We do have the clause in any standard lease, paragraph 18, that the tenant has to comply with the procedure of requesting repair if the landlord has to bear the cost of repair.

Here are a few tips for managing a rental in the DFW area:Screen Tenants Thoroughly: Conduct background and credit checks to ensure reliable tenants.Understand Local Laws: Familiarize yourself with Texas landlord-tenant laws to avoid legal issues.Maintain Good Communication: Establish clear communication channels with your tenants.Keep Up with Maintenance: Regular maintenance can prevent larger, more costly issues.Consider Eviction Procedures: Be prepared for potential evictions.

Max price point would be around $350k but the lower the better.Any other emerging markets / cities in the US that would be good to get into?

Just another opinion from an inspector and investor perspective: it is important to have an electrical shut off switch (at least 6 switches or less) to kill all power to a home in case of an emergency.