We both have W2 jobs and great credit. 

You can't take expenses from passive investments (rentals) against active income (like a W2 job).

A mortgage or deed of trust is used to secure an agreement, of any kind, to the property by pledging it as collateral.So, a mortgage could secure a lease, an option, a purchase contract, or most commonly a promissory note.

I spent an exorbitant amount of time (months and months) researching STRs and markets (I basically took it on as a full-time job while I was underemployed).

There's so many catalysts for population and job growth (Intel, Honda, Amazon, Nationwide Hospital, etc).

This is very common in planned communities.

I would use a three year option period allowing the potential buyer to fix their credit, established time on their job, and demonstrate a good payment history. 

Definitely dont suggest quitting your job when you start like I did.

In the world of property management, the question of whether landlords should approve tenants to perform maintenance on rental properties is a common and multifaceted dilemma that requires careful consideration.

Take into account variables such as population growth, employment growth, and general real estate market circumstances.Financing possibilities: Look into your possibilities for financing, as home hacking is common with FHA loans.