I am exploring this option now and just learned about it. 

It’s a great option if you want simplicity and rewards.

@Ryan Dori lots of options besides DSCR. 1 Year income, Asset Depletion, Bank Statements, and P & L only loans. 

Its byproducts include over five churches and numerous community-building activities whose effects are still felt today.

The high return investment option in Oregon seems to be coastal short term rentals, and we haven't gone that route yet. 

You could also focus on attracting weekday guests—maybe offer discounts for longer stays or highlight features like fast Wi-Fi or a comfy workspace to appeal to remote workers.Since a hot tub isn’t an option, maybe think about other ways to stand out.

This is one way to manage costs risk.The ways to own the property besides FHA & conventional loans is with private loans, investor DSCR loans (non owner occupied); seller financing, lease options, partnering with others to take the property down..... 

STRs are an option too, but you’ll need to navigate stricter regulations in some areas.

If you decide to pursue this option be sure to EXPLICITLY spell out how the maintenance of the buildings will be handled as these types of facilities tend to be hard on property from my experience.

With a PM though, you might not have that option.