Quote from @Jarod Forsha: Borrowing the equity in your home is risky when rates are this high.

. $2,500 in rent for $1,300 sqft seems too high, even for Bayview and I guess you are in Tippecanoe, but I have not seen the house so can't tell for sure.

Other properties are showing high costs, but I'm not really sure how to get good comps with this situation

I believe they start in the high 9's currently. you wont get to your $20k out of pocket target on this scenario specifically, but the point is, there are some lenders which will work with out of the box deal structure (for a premium).

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Rushing into a deal without thorough investigation might have severe effects.

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The one where you break even you might actually spend more money if it is in rough shape, high vacancy, etc.For example let's say property A is new construction in a stellar area.

I'm a little concerned with the current high interest rates and property taxes (Texas).  

Being in the SF Bay Area, rents are pretty high, so payment systems with limits of $5k or more won't work.