This means no limits to the number of 30 yr loans.   

We are considering one that’s charging $0.50 a unit but problem is the functionality seems limited.

It may only be a matter of time before strict short-term rental regulations in Texas cities, such as Austin, are a thing of the past (or at least significantly limited).

Statute of limitations can be somewhere in the 4 year range based on contract law. 

Being licensed means taking on a legal duty that limits one's ability to take certain actions other investors can take.I know people who became licensed stock brokers but never got a job in the industry.

At this stage of your life/career, your best bet is to maximize your savings into liquid assets (ETFs should be you go to option - Vanguard, Fidelity or Blackrock).

When you do, the sky is the limit.

Above you mentioned that coverage on the dwellings wasn't that important so if you wanted to keep cost down you could use the more basic DF1 policy (ask the agent down there) and market value for the dwelling coverage amount with a higher deductible and then max liability limits (probably $1 million). 

If they have money sitting in the bank it won't be earning anywhere near close to that, and betting on you as opposed to throwing that money in the stock market would likely prove to be less risky.

I made a bet and predicted SFR median at 294k, and 17.6% year over year.