It looks like a great idea on the surface but the numbers don't stack up from a risk/return point of view as far as I'm concerned (it could be different for you depending on your return expectations).

Feel free to reach out.

For an absentee landlord, it would seem that a condo could have less maintenance headaches than a SFH and lower risk in general. 

While I could have gone lower I am lowering my risk tolerance because I expect a recession in late 2019 to 2020.

I currently work with investors to build their portfolios with Turn-key long-term rentals, making it hands-free for the investors. 

If you own (2) properties free and clear you could simply do a cash out refinance. 

You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.

Airbnb will send you a free Minut noise monitoring system (they did before) that can help monitor noise and parties as well. 100%I would add that your rates are too low if you are attracting these types of guests. 

Please feel free to DM me. 

At the risk of taking flak here, I'm going to say I've seen a lot of super cute stock tank pools that are low-cost options.