It occurred to me that having outstanding loans on multiple rental properties may negatively affect our debt to income ratio and our ability to qualify for another primary residence loan should we decide to buy another primary home in the near future. 

I have close to about $17k saved up from working during college but I also have some outstanding student loan debt to contend with.

Hi DP members: We have a 17,000 sf piece of land on the feeder of a major highway in Houston.

Does infrastructure there worry you ie 1lane highways makes traveling take forever.

To grossly oversimplify, the city does not permit STRs north of highway 98 (there are exceptions to this), and they limit the occupancy to be 2 per Bedroom Plus 4 (i.e. my 5 bedroom in Destin can sleep 14 ppl).  

@Jeffrey NaboznaSD has outstanding appreciation.

All you need to do is take a quick drive west on 90 and you will see it all from the highway.

Maybe in the short-term the owner is not doing great (may even be cash flow negative in our market), but in the long-term San Diego has been outstanding for buy n hold RE. 

In reference to @Peter Walther post about foreclosure, the following is copy & pasted directly from the State Bar of Wisconsin Form 11-2003 Land Contract:"Purchaser agrees that in the event of a default in the payment of principal or interest which continues for a period ofdays following the due date or a default in performance of any other obligation of Purchaser which continuesfor a period of days following written notice thereof by Vendor (delivered personally or mailed by certifiedmail), the entire outstanding balance under this contract shall become immediately due and payable at Vendor's optionand without notice (which Purchaser hereby waives), and Vendor may singly, alternatively or in combination: (i)terminate this Contract and either recover the Property through strict foreclosure or have the Property sold by foreclosuresale; in either event, with a period of redemption, in the court's discretion, to be conditioned on full payment of the entireoutstanding balance, with interest thereon from the date of default and other amounts due hereunder (failing which allamounts previously paid by Purchaser shall be forfeited as liquidated damages for failure to fulfill this Contract and asrental for the Property); (ii) sue for specific performance of this Contract; (iii) sue for the unpaid purchase price or anyportion thereof; (iv) declare this Contract at an end and remove this Contract as a cloud on title in a quiet-title action if theequitable interest of Purchaser is insignificant; (v) have Purchaser ejected from possession of the Property and have areceiver appointed to collect any rents, issues or profits; or (vi) pursue any other remedy available in law or equity.

Been a Bay Area local for all my life and really want to dive into the STR market in the medium-medium/long future somewhere in the Sierra Nevadas (preferably Tahoe or anything off of Highway 4 - Arnold or Highway 108 - Pinecrest).