I have found that it can be hard working with people that are seasoned due to a lot of them already having their own routines, not wanting to change, or simply not open to working outside of their known experience. 

I used a conventional loan with down payment assistance because the appraisal process is less strict than FHA or USDA and the bathrooms were barely functioning.

And if you're thinking about renting it out on Airbnb, be careful; Houston has strict rules.

I may invest in oakland that has even more tenant-friendly environment but they ain't too strict on code enforcement lol.it just not worthed time and struggle since we're OOSI. 

Im from Hot springs and currently have long term rentals, I know the market pretty well since being a local, it can definitely be a good str investment as it does have many attractions from historic downtown, national parks, magic springs, lakes and more but it seems like they are getting more strict on strs, may be best to look for properties already licensed or look just outside of city limits since no str permit is needed, I know long term rentals are killing it just due to low supply and heavy demand

This is a house hack so you are going to be living with this person so I'd be more vs. less strict. 

And yes, there was an early termination clause in my lease but it is strictly with my agreement to proceed. 

@Ryan Fox I have been a PML for nearly 10 years and, in the beginning, I wasn't strict about getting an insurance binder in place BEFORE funding nor making sure my borrowers had the right coverage.

If this is strictly for investment purposes there are tools like STR Insights and AirDNA to assess further first.

Not strictly my field, do your own research.