I am buying a duplex about 80k under what it will appraise for.

@Tyler Ashworth Did you ever buy any investment properties in Abilene?  

We're connected with a lot of relocation networks at Cone and several through BHHS (which I'm affiliated with for buying/selling).

When I did my research for buying my properties in Costa Rica, I had one of the big STR management companies like Evolve analyze my potential profits and I used that info to raise money through bringing on partners to buy the properties. 

Like someone else said better to buy land that is already suited for use. 

It doesn’t matter if you buy a new roof in year 5 or year 30, you depreciate it over 27.5 more years, not 27.5 since you purchased the property.

One thing that may work is doing a Subject to Existing Financing deal where you will buy the property from someone but not payoff their loan.

Buy a 4-plex with an FHA loan.

Airbnb is a company so the only way to buy one would be to own stock in the company. 

I had a similar strategy with my first few house hacks: buy in great A & B Chicago neighborhoods....get by with minimum cash flow, and wait...What's your plan for the next purchase Michael?