Townhome is newer but you own less in terms of the land sqft + higher chances of having HOA vs SFH where you own more of the land and more opportunities to build ADU/DADU if the state/county allows it. 

@Edwin Saldivar  We have a no seasoning product for non-owner occupied property that would allow you to pull cash out based on the new value.

They will pay high prices to meet needs that are not income producing - they are shopping for a different product that is provided from the same stock that our income properties come from.2. having deep enough knowledge of the neighborhoods to allow us to recognize a good deal takes a lot of time.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

The cash flowing houses allow us to buy those houses that build more wealth. 

This would allow the tenant to qualify for the homestead exemption as if they were the owner of the property.

You can do this after you close on your property just keep in mind not all loan programs allow to close or Quit claim into an LLC. 

For one property, the manager loaned the property money, not allowed by the OA, which created (unfair in my opinion) distortion when using capital accounting.

One allows short term rentals and one doesn't.

A bad tenant can easily allow their dog to cause thousands in damages, from torn screens to scratched doors to soiled carpets.