Their online banking software is pretty nice though.

So for the dollar amount, returns, and additional risk I decided to just focus more on my day job.

I hadn't planned on using Airbnb or VRBO, but I suppose this could change depending on my progress using Furnished Finder.

I'm not in that market but I would recommend finding off-market deals, targeting distressed properties, or focusing on smaller multifamily units in less competitive neighborhoods.

It depends on what your long term strategy is though.

For instance, not knowing what type of panels are on the naughty list in the eyes of the lender will trip you up during a DD period if you haven't underwritten your line item expense of replacing them.

It is a 1940s  2 bed/1bath that has been renovated by seller. 

If you take title to the property as an LLC with you as the only member (and that elects to be taxed as a sole proprietor) then the property will still be reported on your joint tax return and that would be fine.When you sell you can sell as that LLC and buy as the same LLC or another disregarded LLC, or as you, or as you and your wife, or as just your wife.

@Chris Packer Chris, Gino is spot on.

Does anyone invest or have insight on Murphy, NC as a STR market?