You already noted some competition. 

Partially due to extreme competition in my area.

I think the one thing that Airbnb doesn't mention much that is taking away from their business is the spike in direct booking platforms for the top performing hosts and competition from VRBO /Booking.com/Other Niche OTAs.

No appraisal required and very fast funding, competitive interest rates (they get better with your experience as a rehabber and number of loans with the company. 

Many markets are very competitive so you want to think about where your property falls and how you plan to market, stand out, and get bookings. 

I don't want to pour water on your interest, but I don't think this is the deal you are looking for because:  1. problems with all of the things you can do with the property 2. a general lack of reserves 3. long distance. 

This does not seem likely dueto the national nurse shortage.The market is flooded with competition.

With the townhome, my reservations is the rental competition as the area has many townhomes communities with units bought by investors, but I like the lower taxes and insurance rates. 

Our typical PPP is 6 months of interest, but we do offer a step down/tiered option as well (rates are not as competitive).  

Area became oversaturated with rentals, cleaners sucked, property management was lack luster to say the least.