Here's how my priorities lie:1) positive cash flow2) pull out as much invested capital upon refinance3) long term appreciationI'm an out of town investor deciding between a couple different cities and San Antonio is the front runner right now; However, I read a post about another out of town investor having a hard time finding a contractor that would quote him a fair price which is a major concern for me.

Well, in theory it might work, but I'd be concerned how you would enforce it.

My main concern was am I entering the acquisition loan details correctly?

I have a lot of gutted rehabs in my areas but I’m concerned it’s too advanced for just starting out

is there anything else concerning you? 

You'll probably need to tell them your concerns about insects, rodents, etc. and not renew unless they change just enough to get by and not run the cleaner tenants away.

My concerns here are the fact that its not legally an 8BR, and also the fact that 8 tenants in 1 single-family home is a lot to manage and I’ll likely have higher than average vacancy, but I’m up for it as the numbers seem to really work. 4 of the existing tenants have been there for 3+ years.

Does thar not concern you as an investor?

Nothing to be concerned for.

Mom and pop investors are known for being more flexible when it comes to the many unique situations with concern to tenants.