As @Michael Baum says, Aircover and VRBO coverage are not true insurance, and not to be relied upon.

I would be (almost) willing to bet they are scam "service" dogs because true service animals have a significant amount of training, rarely leave their owner's sides and are rarely unbehaved.

That house will rent for less than $3,000 a month so you'll have nothing left to set aside for vacancies, property management, etc.Learn how to crunch numbers, then work with a professional that can help you understand the true costs of a market.

Same thing would be true if you rented the house by the room and brought in double the rent, it wouldn’t add any value.

You need to know your true construction numbers before you go any further.

I would say that is true pretty much across all markets, but multifamily has been over priced for quite some time, and even so-so deals are usually snatched up pretty quickly. 

Most who buy single family homes fail to even realize the true business they are in and make the mistake of continuing to chase the cash flow not realizing how inefficient of an asset class this is to operate, particularly in the lower income markets. 

True. 

the way you put it "Establishing vendor relationships is KEY" is absolutely true.

True turn key rental with rents very close to market.