You can't rely on appreciation as it is not guaranteed.

I appreciate everyone's responses :)Giving your general advice:  1) you pay yourself by the distribution, non taxable, or via guaranteed payments.

I require a $500 deposit for this property but that is of no consequence as Airbnb will not pull anything from the deposit to or cover it from the touted “host guarantee”.  

I hear people saying quite regularly that they think a cash flow of $100/door is a good benchmark, but personally I would never bother with owning a property for that unless it were class A, almost new, so you're guaranteed great tenants and few maintenance headaches. 

Will your loan require a personal guarantee?

There is no guarantee on the future, even prices going down. 

Also, a VA loan is just a loan guarantee and not an actual loan. 

I wouldn't hold my breathe on that as guaranteed income, especially in this market.

@Chris Kuhlman yes 99.9% of the time a lender is going to ask for a personal guarantee.

Now I have guaranteed money coming in with very low risk. 3.