Been a land lord since 2005 and only had one security deposit disputed informally (i.e. someone said it wasn't fair) over a carpet cleaning fee. 

Doesn’t effect my profits. 

Personally, I wouldn't buy Austin because of Apple, what I would do is look at the submarkets and what the ripple effect will be.  

To defend something like this will cost you $25k+ but they will settle out of court for a Quarter pounder with cheese a large fry, small strawberry shake and $5k and wipe the note clean.

If you ever fly over the north west in winter you clearly see with the snow on the ground the checker board effect this is because of the way the timber companies and in the old days the feds sold off sections.. they checker boarded ownership.I just find this so cool.. what used to take me hours now is a matter of minutes.. these two props I am honing in on were found on the back end of property radar a little know avenue that we use to find distressed props cant divulge it on air here.. but suffice it to say these are big money plays.

We now have two extended stay fully furnished rentals, decked out with the finest furnishings and twice a month cleaning services. 

Even more dangerous you have "Dunning Kruger" effect when you have a cognitive bias in which you have the low ability and believe that your ability is superior than it really is.  

Here are the details upfront:Purchase price-$135kDown payment-25% ($33,750)Target ARV-$170kWhat is the best, most cost effective way to pull out this equity gain and use it for a longer term, mortgage-like loan that I will use to purchase another property?

Just go CBS and rest easy.In regards to the seasonal renting, it all depends on your plans for the property on the off season and your ability to effectively turn is rapidly for the shorter stays. 

Then you could figure out your all in price and run your numbers effectively.