There is also a coin op laundry but he does not have any information on how much that brought in. 1% RULE: 3970/480000  = .82% but I think that adding in laundry and increasing the rent slightly will make up this difference quickly50% RULE: 3970 / 2 = 1985 and my mortgage payments will be approx 2100.

Also, to OP, I believe you can do a skip trace on tenant if all else fails.

Actually @Max Tanenbaum, if you read my op, I was told by the salesperson that the appliance was a return, there was no mention of damage, that is the purpose of my rant.

The OP said he used Turbo Tenant - free service that posts the ad to a large number of online sites.

As for the OP question I had actually thought of that but got worried about the tendency that older folks have of not keeping house as well and not smelling things when they are “wrong.”

To the OP: as others have said, what you actually need is either a rider on your homeowner's policy, or a commercial policy designed to cover STRs.  

Most folks in the rental game here go for Multi they cash flow much better.There was another thread on BP were the OP asked for those that live out of state and have owned SFR rentals for 10 years or longer how has it gone...

I can state with absolute certainty that the OP got the negative response from court clerk due to the way the question(s) was/were asked. 

at some point your going to need some cash some place.. you can do like the OP said and use investors to front the cash but you pay for that... then refi so end result is you paid more for the house than if you put cash into it. but its no cash down.or you pay all cash for the house up front get a great deal add value through reno and then refi at 75% and you have all your cash back if your not into the home more than 75% arv which from what my guys tell me in good neighborhoods in dallas can be pretty slim pickings. 

Question for those with more knowledge, can the OP put a second door to the room going into not of the other bedrooms and then get that to count as a second exit?