Quote from @Jeff Roth:Monthly rents for mid-term rentals are about 20% (+/-) higher than unfurnished similar long-term rentals.I would not base the income potential for a MTR on a rule of thumb.

You can make the mortgage Have a balloon payment in 2 1/2 years so that you don't miss out on the IRS tax exemption rule of living in your primary home two of the last five years.

From there, it's easy enough to look up the tax rate for corporations and make your tax burden assumption.

Figure out ways to enforce rules to protect yourself and the other renters.

Texas does have specific rules regarding home equity loans and cash-out refinancing (often referred to as "Texas Equity Section 50(a)(6)"), but these don’t prohibit homeowners from using funds for investment properties.

Asking in the correct forum will get a better response.Read the RULES!

Additionally, it's easy for a house on one lease to get absolutely trashed by the renter.

Here’s the advice I wish someone had shared with me when I was 19:1.This journey won’t be easy.

@Scott Davis  Not easy to scale. 

It's not hard to understand the disqualified party rules and prohibited transactions.