Cabin Rental - special type of loan??

[Matthew Johnson]

I have a coworker who is looking to sell a distressed Cabin Rental in Nashville TN.

It needs about $20-$25k in repairs to get it to rent out the way it should.

the ARV on the property is around $300k if we were to sell it.

There is a property management company on site that handles booking the rentals, schedules cleanings, etc.

They do not cover water, gas, electic, or PITI.

currently the property is bringing in about $3600 per month gross profit. 

I'm wondering what things i should look out for in a deal like this?

also, the current owner of the cabin is saying these require a special type of loan and cannot be done with conventional financing?

can any lenders give me some insight on what type of loan i need to be looking for?