The tenant mentioned above is actually leaving his lease early so I have gotten to see the application process in action as potential new occupants have applied for the house.I aim to actually close on my first new lease using Cozy.co start to finish this week.

My aim is to,1.

I'm looking for insurance options in Las Vegas.Any AirBnB landlords have experience getting supplemental insurance for rooms or guest houses they are renting off of their primary residence?

You have to do the roof on that house and it costs $7,000, well you had the cash on hand and you don't need the cash flow to live so you just don't make any money for 1.5 years as you replenish your fund.The issue is a lot of people spend all that cash flow and don't have the liquid reserves or supplemental income to handle a prolonged vacancy or major capital repair, so they should be accounting for this and putting away money for the inevitable. 

However, inherent in your line of questioning, and the details you share regarding your husband's interest in a multi-family and the use of debt, is maybe an unstated goal to continue growing your portfolio and its income beyond your here stated aim.

This only works for us because we are aiming at small properties that we can handle outside our "real" jobs

Grove, but (IMHO) most of the {pricy} programs aimed at newer investors do not provide an adequate return on your capital out lay (which can be as much, or more, than the down-payment on a property).If you are the type of person who learns best in a formal setting , as opposed to self-study, I would suggest that auditing a course or two on real estate at a local college or university would provide a more in-depth knowledge with out all the salesmanship for the "Even Bigger Dog" programme.

To think that I started on this quest merely to supplement what I currently have and to put to work whatever  modest amount of "excess" I have from my current job.

Thanks for sharing @David Hutson, yes i was referring to re-financing the deposit out of the deal. when you say "little under the appraised value" are you referring for few grands or do you aim for any percentage? 

I would recommend staying away from listing sights like Craigslist and aim to list on sites such as LoopNet, CommercialSearch, 42Floors, and CoStar.