I completely agree—knowing your target traveler and adjusting your approach accordingly is crucial.

Do you have any concern of what impact these businesses may have on your rents and/or target customer in the future?

I'd probably target a $500k-$550k home next to get around 15%-17% down. 

It may also help keep the litigation target off your back.As always, check with your competent legal counsel--not all attorneys speak fluent "trust function and formation".

.: Hello all,My wife and I are a first time RE investor and have narrowed down to Columbus as our target market.

I’d recommend starting with resources like Short-Term Rental, Long-Term Wealth by Avery Carl and real estate podcasts like BiggerPockets, connecting with investors in vacation rental groups, and researching reliable management companies in your target areas to make the process as hands-off as possible.

One such thing is: not knowing the target buyer.  

One other positive side effect of having leverage on the property is that it is less of a target for a potential lawsuit.At the end of the day it really comes down to your objectives and goals as well as your personal preferences and comfort level.

If not feasible, consider increasing rent, reducing purchase price, incorporating future benefits, or targeting multifamily properties.

BUT, refinance/heloc/2nd mortgage appraisals do not have a contract price to help target the value you are seeking.