I have had two different property management companies in San Antonio and they both required to be named as an additional insured or the fees were going to be higher.

Positive cash flow not required initially if it yields a return later.- Something nice enough (or something that can be rehabbed nice enough) to Airbnb and enjoy visiting.

That region will require some risk mitigation, and would be better suited for a local flipper specializing in those types of properties vs buy and hold OOS IMO. 

There is no practical reason to talk to planning and zoning before reading and understanding this chapter in its entirety because you want to convey to the town official your plan and how it fits within the planning and zoning requirements. 

A minimum of 480 sq. ft. of lot area is required per dwelling unit for the lot area in excess of 1,919 sq. ft.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

It'd require you to rent out the property since it has to be used for business use.

All electrical work requires a permit.

Now imagine facing a lawsuit because you missed a crucial compliance requirement.

Although a DSCR is lenient on your personal income, they will still require a relatively clean appraisal.