My thoughts: make sure its OK with zoning/HOA, ask your insurance company about liability and any sort of requirements for insurance the tenant would have to have.

I'm looking for a new insurance company in Houston TX - any recommendations?

We have 25 units spread over 19 properties... which means we have 19 property tax payments, 19 loan payments (per month), 19 insurance premiums, etc. 

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.

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?