And I would agree, definitely want to do you your research on STR before buying.   

Looking for advice on what reputable scratch/ding stores or similar type places in Philadelphia sell 24 inch wall ovens. Trying to avoid spending 2K on a brand new one as we may rehab the kitchen and replace all the a...

Then, at any time before the exchanger is ready to purchase their replacement property, they either sell the note to a different buyer or they "buy" the note themselves from the exchange account. 

For almost all investors, buying a property off of the MLS at market price in a good location to hold for 10-20 years is the best option. 

Are you looking to rehab or buy turnkey?

I personally only buy STR'S where I would want to go on vacation. 

It's not a unicorn by a rainbow sitting next to the pot of gold, but the price you pay for such a loan, between the interest rate and fees, etc, will be about the same as buying a unicorn sitting by a rainbow sitting next to a pot of gold. 

-The thing I am undecided on is what type of property to buy.

We would like to buy another home, live in it for a few years then eventually rent it out as well.

I'm not pre-aproved, I would be buying cash.