My concern is the planned payment date is one pay period from the next payment due date.

There still may be a redemption period there as well.

After owning the home for a period of time and the home continues to appreciate and/or you add value to the home you can do a cash out refinance (depending on rates) or get a home equity line of credit and put this all toward your next purchase.

I can literally choose any market I want, and still accomplish my goals in a more efficient area.

Unsolicited advice, but consider the tax implications with this.You may be able to take capital gains tax free from your personal residence.If you rent it out for certain period of time that benefit goes away.Consider taking the capital gains to buy separate rental property.Either way, definitely use a PM or Realtor if it's your first rental to get the proper background checks, paperwork, and highest quality tenant.

They are also offering 80% LTV, and there is no seasoning period (all the other banks and credit unions will only give around 70% of purchase price unless owned for 2 years).

I'm helping many people do this exact same thing right now as a Realtor.In my mind, it all comes down to your holding period.

It closed much tighter after that but still wasn't air tight. jalousie windows by definition will never be air tight unfortunately but they should be tight enough to prevent insects from entering. depending on the condition of yours maybe swap them out for regular windows if the energy efficiency is what you're looking for. mine was in a condo so i had to keep with the same window style. 

Housing is cheap because it factors in the risk, like any efficient market.

@Amable John Aguiluz XIII I appreciate the reference, however I'm nearly certain that those conditions (and that form) apply only to a periodic (ie month-to-month) tenancy.