Thanks, Haresh I couldn’t find the numbers you mentioned about them online.

Sometimes you get lucky.You could even bring up the subject of seller financing (search online for ideas of how to structure a seller financed offer), and make sure a competent real estate attorney helps write the offer documents (if it gets that far). 

A great lake front home doesn't have to cost a mint but it sounds like you want something that is really fantastic which will bring a higher nightly rate.

So you can sleep at night, consider having at least 2-4 month mortgage payments, taxes & insurance set  aside (in the event you unexpectedly have difficultly in the future finding the right tenant.)3.

@Matt Wan Many lenders require wet signatures on at least the Promissory Note but if yours does not, as a US citizen you could do the entire signing anywhere on the planet with a good internet connection + mic + camera via Remote Online Notarization (RON) for less than $200.If wet signatures are required, the answer then depends upon what foreign country you are in.

You might want to do an online search for brokerages in your area that offer larger commission splits or a flat fee to their agents. 

You can also find various contracts online, develop your own then have an attorney review it to ensure it has teeth, and is legal in your area.7.

Having a great self-storage facility software for online management is key!!

I am currently working/studying on getting my RE license online.

You can also check their reviews online at Google, Facebook, or Yelp.