I will need to self manage through VRBO/Airbnb in order to help classify the income as active income so that I might be able to right off the accelerated depreciation against W-2 income.- I have about 150K available for a down payment, any suggestions on the type of property to target (cabin, condo) if the goal is to be around cash flow even?

No one west of the Mississippi is heading there for vacation, but there are way more people to the East than the west. while you may classify it as a “regional park” it gets as many tourists as the next three most visited parks combined.

Your gain / income on the sale would beSales price less cost to purchase the lane, less the cost to build the property, less improvements less costs to sell plus the depreciation taken on the property.Whether the gain is ordinary or capital will depend on whether you are classified as a dealer.

Those were the ones that I would classify as "cash flow" properties, a bit more, since the markets were a little weaker than those directly adjacent to my neighborhood.

Did one over in the Classified sections. 

In my area, floodplains are often classified as Open Land or Agricultural.

All of the great places to find investment properties like meet ups and BP classifieds and local investors and the MLS will be where you go to market yours.

David, regardless of your source of funds, you will never be seen as a "private lender" you're a broker and always will be, your source of funds is not a matter to classify a loan.

There's no "deal making" allowed except for in the classifieds, which is where you are more likely to find someone willing to invest.

Investors would classify neighborhoods as A B C D with A usually being VERY safe and B being acceptably safe and C with variety of levels of crime and D would  be "don't come unless you are armed".