INstead of just saying "no" we asked them to check with their credit card company if they offer travel insurance yada yada.. we got a 5 star review form them without giving a refund.

Always consult with your attorney before you rely on the above information.

Since we're In a college town, a majority of our travel demand revolves around the Texas A&M University and the university's events.

If she lives rent-free, you retain control of the property but lose the ability to claim rental-related deductions.For long-term planning, consult a CPA and attorney to ensure compliance with tax rules and align ownership structure with your goals, including potential conversion to a rental or estate planning considerations.

Since you plan to travel often, focusing on systems and building a reliable team: agent, lender, property manager, and contractor. 

Quote from @Kandice Morgenstern: I recommend you consult an attorney.

Since our residents are traveling "light" to a furnished property, their coverage only costs a few bucks per month. 

Be aware of tax implications: rental income is taxed in the property’s state and reported on your California return, with deductions for travel, depreciation, and expenses.

I was even able to travel to a country I always dreamed of traveling to since I was a child whilst maintaining my airbnb from across the world (Japan). 

And consulting with a local attorney to ensure compliance with state-specific real estate laws, plus making sure you have the necessary permits, is a smart move.As you start, also look into state-specific rules regarding contractors and renovations, especially if you plan to flip in different states from where you reside.