I had brought this up with my realtor that I use for rentals in a different area and she gave me the link for home testing and basically said I have to do it and don't have a choice so I'm very glad to hear from others it's actually not like that at all!

Depending on the price point and community, any buyer has dozens of choices in each resort.

Some top choices include Midlothian, Cedar Hill, Grand Prairie, Garland, Irving, and Arlington.

Don't forget to research local regulations surrounding MTRs and STRs, factor in management fees if you plan on outsourcing, and assess your risk tolerance between a larger, single multi-family property or multiple, potentially distant, MTR/STRs.

Do folks typically go for a larger down payment, when possible, to reduce the interest?

I asked for a T-12 for the properties and was told: "I do not have a profit & loss report for these properties as these properties represent a small chunk from a larger portfolio.

However, I’m also contemplating learning the flipping business, either by working with a flipper or trying it myself, to generate a larger cash position.I’m open to the idea of out-of-state investing but would approach it conservatively.

I am definitely not pro adjustable rate interest financing.A newbie investor may not see very much flexibility in some lenders,  like someone who has a larger portfolio might be able to accomplish.The reason I mentioned both together is the lender is basically a partner in the deal- a senior partner in a way.

I respect your personal choices, however I can't imagine ever going to somewhere like Montana and making the decision to stay in a hotel over a cabin rental.

Feel free to inquire about their staff qualifications if it's a larger organization.2.