Like I said- just another issue to help you make up your mind.

I would engage with a lender to see what your situation looks like and if you're in the right path.

Nothing like a little cabin porn. 

Consider adding amenities like beach gear or a hot tub to boost bookings.

If house-hacking is out of the question/you already own a primary at the very least, then that sounds like a pretty solid option/interest rate (although I might be able to beat that...).

I like to have 1-2 virtual assistants to handle tasks that I don't want to spend time on.

@Randy Fitzgibbons - I'd recommend going with contractors who have experience with deals like this AND have experience working with banks/lenders for 203K rehab deals.

As you progress your bookkeeping business, you'll likely want to learn how to export statements from a variety of property management platforms, as investor books are housed in bank accounts, spreadsheets, and a variety of property management and accounting software!

It looks like a standardize purchase contract.what are some of your experiences with this?

Hey Andrew: The Freddie Mac Small Balance Loan (SBL) and Fannie Mae Small Loan multifamily programs could be a good fit for a project like this.