This is a B class property. 

The truth is, over the last few years, many of these people are barely cashflowing at all and the default rate with the banks on this product is skyrocketing.

If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

those I think the basic of my questions.Thank you for responding and helping to understand more. 

I took on some debt to prep the property and hope to pay it off this summer—our peak season with lots of river and swimming traffic.It’s a 3-bedroom that currently sleeps 6 (king, queen, and a queen sofa bed).

I looked into the maintenance option years back to discover a trend of:  apx. 8% monthly fee which only included rent collection (everything else from maintenance to turnovers etc, extra, and poor reputation on repairs.)

can anyone you know in person vouch for this lender? 

Hi All,  I've had several rolled roofs installed and never saw anything like this. 

This is our boilerplate language:Insurance: Tenant should obtain a renters’ policy of insurance on their personal property.

This is how banks verify property owners maintain insurance.