Not to expand on the "family dynamics" but I would personally be concerned about having to deal with family requesting access to the property for periods of time as well.

you can use retirement funds as reserves as long as you have the ability to borrow or withdraw against it. you'll have to provide the account guidelines from the holding company to show what access you have. for example my USAA IRA allows me to borrow like 50% max (think) so they will allow 50% to go towards my reserves. 

Just wanting to make sure we are looking at everything correctly before we get out of due diligence.PP: $305,000Seller is contributing $9150 to our closing costs and we are putting 5% down.HOA is $500/year and taxes were roughly $2800 last year.HOA has no rent restrictions but does have a clause in their bylaws concerning household composition.

I like the search features: https://www.biggerpockets.com/searchAlerts can be really helpful too: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

I’d have to figure out an easy way for the Airbnb guests to access my unit as I do not have a keypad.

My local library offers free access to Lynda.com courses so I think I'll do some training on QuickBooks.  

There are certain restrictions on the condition of the property, but a great option for starting out with investing!

Does anyone have any HOA language they've seen or examples out there in Texas where the HOA rules do permit renters to access and be able to reserve common areas, such as for a pool party? 

How long from when you apply for one until you have access to the cash typically?

I dont have anything on my lease that restricts how many cars a person can have, especially since its onn public road or restrict if a trailer is allowed on my lease.