Location is also a key factor.

Hi All - I bought my first property in KC, and have gone on to purchase a few more in other locations over the year.

I have a feeling that they are not accounting for the actual property type, just location and sqft/bed and bath.

6) Hold security deposit complaint with your state laws?

I agree with Robert that it'll be a good idea to determine the type of build you'll want to pursue and also the locations where you'll get the best bang for your buck.

We’re located in Buda which is a bit outside of Austin, but still only about 20 mins from downtown, so I think there’s still good STR possibilities.Im curious if anyone has any advice or things to keep in mind when doing something like this as it will be our first rental.

They are located in California and Nevada.

That's assuming its a good property in a good location. 

With these interest rates, if you can find a house hack situation that you are paying the same, slightly less, or I'd argue even slightly more, then I think it can be worth it for these reasons.1) You will get to live in your preferred location.

If they are already investors, they could help you locate / assess deals as well which is a plus as they will want you to be successful to help them be successful.