You can expand your portfolio as you become more comfortable with the process.

Is this easily possible without much of a tax burden?

We have one rental already and looking to expand.  

If he is easily replaceable then keep doing what you're doing.

@Jerry Padilla Idk about this logic, I mean timeshares typically feature a lot of properties in sunny places and sexy beach locales, so I could easily see how the Poconos would be further down on the timeshare totem pole.  

Lots of visitors come to town for events there, so I think this location and expanded size will be an excellent draw.What would you do with this house and more importantly the yard to maximize its appeal and ADR?

Your lending attorney should easily be able to help with this.

Normally with distressed sellers there is deferred maintenance which can be expensive.I'm not sure what the square footage is, but new floors and carpet alone for an entire house could easily be 11k, so the price actually isn't all that attractive. 

I'm particularly passionate about building and expanding my real estate portfolio and partnering with likeminded investors. 

In the vaguely unlikely case that the cap rate and deal is real and there aren't any significant "gotchas," 25% down should be easily doable.