Ok, ready for some reality checks from a person who was there, seen it, done it, survived to tell the tales? 

I only buy properties where house hack and I have the ability to STR/MTR.

Me and my husband would like to purchase a property - single family house 3 -4 bedrooms to do airbnb in San Antonio, Texas. 

I will cash out, refinance the new house, and pay the renovation loan.

In March I purchased a house in Mansfield, Ohio to rehab, with the intentions of selling it in the spring, or renting it.

I would also add Mountain House to your list.

Also, in the rental agreement, it says:"HOLD HARMLESS AND INDEMNITY: OWNER of rental property shall not be liable forany damages and/or injury to TENANT and/or their guest(s), or their personal propertydue to TENANT’S acts, actions or neglect.

I “substituted” the note I purchased for the $50,000 seller financed note (which was “retire”) and hence ending up paying $27,000 for the $55,000 house.5.

not sure I know exactly what those mean yet except to say I'm looking for more long term equity to have better tenants/houses than better short term cash flow with lower tier properties.  

Using a 30% of gross income to represent what most consider a safe amount for a mortgage payment, the average person could only afford a monthly payment of $1,988.