Quote from @Tom Pappas: As a former CPA and attorney who managed a distressed property investment fund, I've analyzed countless real estate opportunities.

A "lake house" might be in a residential zoned area where a commercial use would be prohibited or at least require a variance (approval) to make an exception.

The front end can sometimes be tedious to get approved by the local housing authority, but rent payments are always timely.

I'm a house hacker too, message me if you want to connect 

Cash out refi only if the rental income significantly exceeds the monthly payment and you want liquidity to invest elsewhere.2.You can maybe do a HELOC if you want a smaller loan that doesn’t involve refinancing the entire house.3.

I work for a local house flipper in the Greensboro area (Winston Salem).

Start by going to www.narpm.org to search their directory of managers.

It was a typical house purchase deal.

A manager will roughly cost $100-$150 a month to take over a unit (it could be more or less in your market) and manage the units.

We're working with a new construction builder who has an in-house lender (Austin, Texas area).