They rely on expected rent to qualify you, but beware – the interest rates can be steeper.

I personally wouldn’t rely on monthly cash flow to “save up” for that balloon payment either. 

Don't bring anyone with you because the tendency can be to rely on them to remember or understand and you need to make sure you are doing that and taking charge.What was your dad's plan to flip it in a year? 

Rely on the local experience you find here to help build the picture at a distance. 

So far, I have relied on BP and my real estate expertise to make investment choices.

But it does not matter to you either way, because you will be relying on 2018 law, not 2024 law, so you're assured of 100% bonus depreciation.4.

I’m hoping to do something similar and would rely completely on a fantastic property management company. 

Its much more achievable than 20% on an investment property. and I play the long game and rely on the equity I build versus living by the cash flow. 

@Jesse TurnerVacation rental investments are kind of tough for people who rely on hard data before buying. 

What is the monthly rent you can expect to collect and do you have the ability to refinance to a lower interest loan rather than rely on the higher interest alternative lender who financed the construction?