The property features a shared dock, 3000 sq ft of decking, and a fire pit for each cabin.What made you interested in investing in this type of deal?

It's a low barrier to entry and a good option for you, I would highly and I mean highly recommend you focus on location.

Placing a deal under contract in Henderson and a few fix and flips .

This requires doing math, patience and a learning curve.

These are professionals with additional training and a stricter code of ethics.

From one cow versus 100 cows trimmings, and a $1pound cheaper. 

Also, if a few hundred dollars in draw fees will make your deal go sideways, it may not be the best deal for you, especially as you are just getting started.I'm happy to share my experience as an investor and a mortgage broker.

Down payments on DSCR purchases can be as low as 15% right now, and as you noted, they don’t impact your DTI.

Still have a lot to learn and a lot to ask before I'll be ready to start though. 

I have financed a number of STR properties and they will usually be appraised as a pure real estate as vacant value and a cash flow adjusted commercial value, sometime separated as going concern and real property.