That's actually a great aspect of real estate, if things don't go as planned, wait it out!

Quote from @Zach Edelman: Are you planning to occupy the property as a 2nd home or as a true vacation home?

I plan to talk to both of them in the morning to figure out which is the best option for me. 

Previous spec home from the builder with nearly identical floor plan was sold as 2BR, but lists on AirBnB as 3BR.

For this, plan on securing at least 12-15 acres of land.

All successful plans are generated this way. 

Lawn cutting/snow removal you can get quotes for, plan for some vacancy, property management software if you will use any.Hope this helps.

Plan to do more?

Our business plan actually includes rehabbing distressed properties and conducting off-market transactions with owners currently occupying distressed properties using equity to reduce the out of pocket costs for the seller/buyer and to simplify the process.

i provide dishwasher if we are putting a new kitchen. also a garbage disposal.sometimes i provide washers/dryers if i have extra laying around (i always seem to have them).sometimes i have purchased fridges and ovens since it's best to invest in capital expense and get a tenant than to have a house sit empty forever.our lease also states that tenants should purchase the appliance plan, which noone really does purchase.