I've also seen DSCR mentioned on more than one occasion in the forums.

Like the others mentioned, either 3.5% down if you intend to live in it.

Payments stay lower, cashflow better and it'll boost your balance sheet not to mention lower risk when things go awry. 

As mentioned elsewhere, as much as you're able to do so now, handle all estate matters so you can avoid probate.

@Ivan Cortez, of course she is shocked that you mention eviction!

Which reminds me that I should mention that I’m not opposed to living a not-so-luxurious lifestyle in the short run.

Like mentioned it's also beneficial to keep up to date with what's happening in the area your STR is located, and make sure the decision makers are aware of hosts and what they bring to the community.

When I mentioned I wanted to come out to Spokane to see the finish of the house out there and be there for the open house, he started insisting that I totally demo the entire house in Indiana.

As you've mentioned, great schools, area in general is nice and it's centrally located.

Mentioning unique perks like 'Game Room,' 'Lake View,' or 'Pet-Friendly' can really draw people in.