That’ll help you stay competitive and attract qualified tenants faster.Also, make sure you’re very clear about your rental requirements in your listing — things like minimum income, credit score, move-in date, and pet policy.

This is another situation where it is impossible to have an informed opinion without seeing the chain of title, complaint filed by the neighbors and your husband's title policy. 

In the meantime, make sure you’ve got good insurance and an umbrella policy, which usually covers most risks for beginners.

If I were beginning from zero with $50K, I’d lean toward Houston and here's why..Houston gives you more leverage with cheaper entry prices and landlord-friendly laws.

We usually stick to a moderate policy for flexibility but require firm confirmation for large bookings.

My cancellation policy there is similar to the other platforms, up to 30 days before I give a full refund minus a 3% credit card fee, because that's what Square charges even when refunding guests. 

Whether to pay it off or buy another really comes down to your goals and tolerance for leverage.If you pay it off, you’ll immediately boost your monthly income by the $1085 mortgage payment, giving you a strong, predictable return with no interest drag or refinance risk.

You should develop a policy for whom you will reject and follow fair housing laws.

That depends on your goals, capabilities, risk tolerance and opportunities.  

Borrowing against the policy allows you to keep your cash value growing in the policy (earn interest on borrowed money) and use the borrowed funds to invest (e.g., real estate, business).