Get title insurance, presumably.

I'm a little leary to think that 6 nights (3 weeks * 2 nights) is going to be enough to cover mortgage, insurance, property tax, maintenance, cleaning, furnishing, 100% of utilities, cable, internet, etc. but maybe I'm all wrong. 

The way he arranged it might have even included some other mechanisms but I can't remember (life insurance, ira, annuity?)... 

.$3,000 in escrow for taxes and home insurance.Monthly payment will be $1,375 which includes taxes and insurance figured in.The monthly rent is $1,650 so that will leave me a cash flow of $275.To remind everybody this is a SFH that I purchased 2 months ago and should be appraised at around $210,000.

The one property we took back (DILO) cost us about $9,000 for a new water line as we didn't yet have it insured & we already had an offer.

Insurance is about $70, and there are no property taxes for a property under 75k in Louisiana, property management of $65.Rent increases about $30-$50 a year.I'm looking to cash flow about $215.

Any and all of those could be health and safety issues and could stop a section one clearance, rendering the home not financeable by traditional means.

Can anyone offer any advice on lease structure and insurance requirements to get this started off on the right foot to allow for a win-win for all involved?

Financing and insurance were first up.

I'm a health care independent contractor, with an open ended contract in San Joaquin county, CA.