If it was a single family or 1 unit you would only need to put 10% down as a Second home or Vacation home.

In many markets, a full set of disclosures is a legal requirement to sell single family houses, even rental houses.Here are three additional ways to lose money buying a turnkey house:  high turnover costs when a tenant vacates. 

In a vacation rental in Florida, people want a pool. 

This gives them the flexibility they need while compensating you for the uncertainty of when the home will be vacated.

So one Primary, one Investment and one Vacation/Second home.

You just have to make sure once you vacate your primary and converting into a rental, how would your DTI (debt to income ratio) be effected.

I've spent so much in inspection fees and sewer line scopes with offers OOS, could have taken my kids on a nice vacation with that money.

They indulged in luxurious residences, high-end vehicles, and extravagant vacations, all while their investors faced mounting financial losses.

The biggest reward of owning and managing vacation rentals is much greater than financial; the friendships I have made with people around the country are priceless.  

His lease isn’t over till the end of Oct and clearly states that “If tenant vacates the premises before the date agreed upon in the lease, the tenant will forfeit deposit and will be responsible for rent until the end of the lease.”