To answer your question (that wasn’t actually aimed at me) my concerns are investing in an area that I’m completely new to and building an out of state team that will be effective. 

The tenant is understandably frustrated and has mentioned safety concerns due to slipping hazards caused by the water.

In this way, I never need to be concerned about justifying my charge to their deposit because the damage is clear and obvious. 

Rehab is nice so I don't think that will be a concern, this is also off street parking so ones with garage will be favored more if you are priced the same. 

We are concerned with where interest rates might go in the next 7 years.

Sounds like a good plan, should have plenty of options available.I would be cognizant of any group you talk with on two areas, the location of the property including any potential concerns of it being 'rural', as well as the minimum purchase price and/or minimum loan amounts.

I have been trying to dig a little deeper into John's concerns and waiting to hear back from Airbnb on them.

While no formal laws say this is restricted, we are getting notices saying the request is not feasible due to XYZ concerns.

A lawyer could speak to it better, but I would be concerned about screening this way. 2.

Now if you are seasoned and portfolio is mature and you are not as concern about maximizing income then I can see a migration to SFH might suit someone.