Insurance liability, I personally know 2 families that lost their children in home pools.

.- Tell them they'll have to provide you with a copy of their renter's insurance naming you as additional named insured, with a minimum of (I use $300,000) liability insurance, also before they move into the unit.It's not perfect, but it's a start toward a tenant transparency.

In this type of area having just 1 or 2 properties is ok because your tenant base is higher end and more stable. 

We're new to real estate and would appreciate advice on our current home in Texas and our future place in Oregon.We love our house in Austin and aren't ready to sell, but as a long-term rental, it would yield (from what I understand) negative cash flow, covering principal and interest but not taxes and insurance.

If you want to get a clue about places to avoid investing look at states where insurance premiums have jumped or where homes are uninsurable. 

If I were you, I'd pass on this property and look for something else (and I suggest a 3 BR) under $80 that you can put a little rehab into, unless insurance pays your family member a bunch of money and they accept a much lower price. 

You are looking at the rent of $2,000 and mortgage (Loan, Insurance, and Taxes) of $18000 and thinking you have $200 cash-flow.

My principal/interest, escrow, and insurance is 1570, and my HOA is 306 and it includes water.

The two-count indictment charges them with conspiracy to commit wire fraud affecting a financial institution and conspiracy to submit false statements to a federally insured financial institution.

Keep in mind though along with rehab the turnkey operator is paying all the holding costs generally most if not all turnkey companies use HML loans for their inventory ( thats my Job) and paying taxs insurance utls etc.. so you need to add 10 to 15 on top of the all in for holding costs..