Our family is not going to permanently going to relocate here, but we will need to frequent the area enough that it's beginning to make sense to purchase a 2nd home.  

More likely route would be to use a hard money lender to acquire and rehab the house and then refinance into permanent financing once completed and rented. 

For financing, am I on the right track with who I've talked to already, or do I need be someone who throws leverage to the wind and simply keep a fat wad of cash for PP+Rehab costs in my bank account until it's time to use and simply skip financing all together?

Taxes would be way less expensive because they are not permanent structures.

All rooms have permanent stains from urine and other things in multiple spots that a professional cleaning service could not remove. 

I am unsure of how to proceed though because my exterminator says that it has bed bugs.During the renovation, the former tenants’ furniture is being permanently removed and the flooring is going to be changed from carpet to vinyl plank.

.– Hold the property for 5 years and get 10% of the original gain permanently reduced.

The BP podcast has been a part of my daily ritual as of late; it has permanently replaced my Pandora playlist! 

He also doesn't want to live here permanently.

I feel a permanent residence near an airport will completely suck.