Texas law has certain requirements, as I'd assume most all states do.Do you have any links to the type of locks you have used for the front door, back door and door leading to the garage?

I assume you know at this point but in general, the goal is the screen for a very good tenant and keep them there as long as possible.

At a 7% annual return, this could grow to $908K after 10 years, providing immediate liquidity and diversification.Alternatively, holding the property could yield $825K net equity after taxes in 10 years, assuming a $900K sale, with the potential to defer taxes via a 1031 exchange if reinvested into another property.

Naturally, I assumed REI’s "white-glove" service included a strong legal team to handle these situations efficiently.

However, I'm assuming that my private investors won't agree to a POF unless they see the deal.Should I have a conversation with my private investors and ask how much they would be willing to lend?

Quote from @Anil Shah: Since I read a townhome, I assume there is HOA - do they allow STRs?

Assuming that this market will rise to the level of "everywhere else" and not inflate in relative lockstep with other markets may turn out not to be an accurate assumption.  

I'm assuming you're referring to investors that provide all of the funds for your flips? 

Yes, that means he will have to give up his 3.5% rate (or whatever it is assuming lower then today rates) but it is what it is. 

I assumed you'd use HELOC for down payment + another loan for the rest. that is 100% financed.