Right now, we're a bunch of strangers commenting on your post - we don't know your background, financial situation, W2 job, lifestyle (single, married, kids, etc), risk tolerance etc (not that you should share all that information on a public forum). 

It could certainly be a concern - but depends on a lot of factors - are you looking multi or SFR? 

I'm sure that factored in to the government trying to find a way to gain ownership of the land and the only solution appeared to be a land swap. 

Another factor I considered is that the role will help me understand RE markets better and be looking at a lot of deals.

You need to factor in your POTENTIAL upside. 6.

Lifestyle addition, B. 

Are you seeing any emerging trends or opportunities tied to these lifestyle improvements, such as increased demand for certain property types or neighborhoods?

The biggest determining factors for STRs in the area are purchase or build price (and associated mortgage) vs rental expectations, that will help you determine net cash flow.

2) Maintenance Reserves: So many factors here to consider!

FICO, experience, and LTV are also factors but this is the basis of the loan.