@Claudio Garcia Zuniga   Assuming this property is in Texas, state law will only allow you to pull 80% loan to value out of your primary home.

Gone are the days where you can buy a cheap 100 year old multi-family off the MLS, turn it over to a local property manager, and make a great cash on cash return out of the gate.

My properties are in three different states and I use local property managers for full-service management. 

If you have extra taxes then you should absolutely account for them.Contact Vrbo, Airbnb and your local authority and see if they are automatically taken out or if you need to submit the extra taxes.

We're local and we'll come to you.I remember years ago hearing that in direct mail, there's a 3/10/30 rule. 

Google search some local site in the areas you're searching too.

The bank will loan if you can get the zoning I'm sure, most likely a local bank

Local vs out of state can mean finding a good PM in both cases or managing the local one themselves.Starter homes are usually good.

Here's a strategy to try.Go to your local library (or their online portal). 

Unfortunately, not all HOA communities experience increased home values due to poor management, local market conditions, and special assessments for unexpected expenses can lead to dissatisfaction among residents.