Even with only $1000 in rent I’m still over a 1 to 1 ratio (was not taking out a lot of equity) but under a 1.25 ratio. get a valid lease in place then refi ?

This will drive how much you can borrow.Consider More Modest Options FirstWith $200k in investments to deploy, look at starting with 1-2 short-term rental properties first to gain experience before scaling up.Explore markets closer to your mom's current location that may have lower costs but still tourism appeal.This allows you to validate the model and your ability to operate short-term rentals successfully before risking more capital.The short-term rental concept could potentially work, but I would recommend starting with a smaller, very well-researched first step to validate the model before going all-in on a larger endeavor.

@Stuart Udis I think that's a valid point, but in my state, I don't typically see any harm in forming an empty shell Management Co to deal with third parties, given that the filing fee is relatively low, approximately $350. 

is balloon payment a valid idea due to my increase in income in the coming years? 

A month later I tried to turn the gas on and put the service in my name.

This has become a best practice for all of our homes now regardless of their location.Same in Oregon 10 year and in bedrooms and hallways plus any room with any type of gas stove or firelace etc.

I have worked in the oil & gas industry for 10 years and now I want to switch to property manager in an effort to understand the industry very well and become an investor myself or even have my own PM company one day.... who knows there is no limit on ambitions.The point is, companies are asking for yardi experience in their ads and yardi is asking to be employed with a company to learn it!

You have raised many valid points.

The greater the number of units, typically the more reserves lenders will want to validate.

The concerns about large corporations buying up housing stock are valid and reflect broader market dynamics.