Quote from @John Underwood: LOLI'm certain they will add restrictions to prevent people from doing this.

People of all experience levels come and share their insight!

When you say you want to prioritize cash flow over equity, you want to watch out for people honing in on that and selling you "good cash flow" deals which will be in D neighborhoods and will come with high capital expenditures and harder tenancies.

@Ryan Fox - It's pretty unpredictable in my opinion, but I'm sure there are people way smarter than me that can better see/predict what's coming down the pike.  

How many people do this?

Hugely popular area.Our cabin is doing good, hopefully the calendar will fill in more throughout the year.Although lots of people visit the area there is a lot of competition. 

Quote from @Michael Challenger: I would connect with local people at meetups, that might give you some contacts for private money.

Great bunch of experienced and helpful people. 

Some people just are NOT cut out to be landlords.

I also hold a couple of real estate forums in the area for people like yourselves to connect with service providers, GC's, etc.