I have personally stayed in one of these places where the main house is separated, and only the basement space which has a walkout entrance, its own kitchen, and two bathrooms would be rented out an Airbnb.

@Ricky Hernandez  We bought in two different communities that had no rental restrictions then later imposed cap of 10% rentals. 

It is a side by side duplex, both two bed two bath units.

I had an electrician run wires in an attic, telling me up front that the house won't be up to codes, he's only doing the one or two things I asked.

I think it will also depends on state laws and a lot of information not present but the HOA rules and insurances are two different things.

I will be moving to Austin myself in two years, since Austin market is quite dried up, thinking of investing in SA as OOS.

At the very least, let it run for a year or two and see how it goes.

So I would like to get the opinion of some experienced investors.My goal is to buy (3) three to four multifamilies.I inherited a 3 family fully paid off and own my current home.Between the two I have roughly 550-600k in home equity.  

PS5, TV and two gamer chairs is about the same cost or less than an arcade unitThis is true and that is why I have Xbox in my cabins.  

Staying local and house hacking—especially now, before kids—gives you so much flexibility to set yourselves up for long-term success.Your financial foundation is super strong, and house hacking a quad sounds like an amazing first step for you two.