It doesn't mean that if you had a flood in the past 10 years that you are safe for 90 years unfortunately mother nature could care less what we think and when she is going to pound a area with water that is what will happen.

When you are renting by the room like this, you are targeting not-so-ideal people by nature.

If I can't net cash flow $3k a year (a number I set for myself) prior to depreciation the deal doesn't make sense.In your case, you could house hack a 3-plex i.e. get in with a low amount say 5%, because you live there, (I don't see coverage of costs with a 2-plex if you live there, without supplementing with your own payments).I use Fannie Mae Matrix as "what I can do", https://www.fanniemae.com/content/eligibility_information/eligibility-matrix.pdfAnother example, I have also been eyeing vacation properties for my family.

Does the guarantee burn off at some point naturally in the primary term of the lease or is there an early termination clause if certain sales numbers are not met?

I am working on a property in Houston that seems to be lucky enough to be in the way of any recent natural disaster. 

It’s usually something they take on as a necessary evil given its nature of importance for out-of-state investors.”

He seems a bit on the passive side, and I think maybe it's just not in has nature to be more aggressive with these type of things.

This includes hot or cold water, fuel, electricity, natural gas, and heat."

@Aaron T.What is important is the nature of the investment, and short term rentals typically considered 'active' investments, especially given the fact that you run BNB business outside of your tax deferred account.

You fear because, right now, it is something you haven't done, so your lizard brain will naturally panic because it doesn't know what comes next.