You have to tell people if a toy is broken, missing pieces, or might explode when played with.

Like everything else... if the numbers work and all the other factors at play are good in your opinion.... go for it! 

Curious how this will play out in the courts (granted it's LTR) and affect pricing products used for STR such as PriceLabs (which I use but have to seriously manually adjust for very specific reasons).

Playing small won’t serve you or your family.

With a 3-5% down FHA loan, I snagged a cozy home in a hot spot, worked from home to play handyman, and created a hedge against the "what-ifs" of life.

Figure out how you want to handle you investing and what role real estate plays in that. 

Then you hire a coach to accelerate your learning and take you to the next level.Using a sports analogy, it would be foolish to hire a basketball coach if your intent is to play pickup games every Saturday for fun.

I would like to find more of an equity play.

Families: "Spacious backyard, kids’ play area, and just minutes from the local zoo."

 @Drew Sygityes it only applies to owner occupied properties regarding penalties, that is not 100% correct, there are fdcpa violations as well as potential state law penalties that can come into play that can be very significant.