Of course if you are required to pay off the 2% mortgage then your cash on cash ROI goes way down, but with a 30% equity cushion you’re still way ahead.I really dislike contractor for deed, lease option, or not recording warranty deed as “solutions” for the due on sale clause.  

We are literally next to a golf course and about 10 mins from a ski place and I don't think fancier amenities would generate a ton of ROI. 

It might be worth taking a look to see if they’re a good fit for you.

If you budget the negative cash flow over the course of the hold period and have reserves set aside to fill the gap, there is no problem (assuming your investment meets your target appreciation rates - I understand there is no guarantee there). 

.- Focus on Motivated SellersDon’t waste time chasing deals that don’t fit.

I don’t see a space for you to fit in.

Of course that doesn't take into account rent increases so it could be less time.

And it occurred to me that by purchasing this property I'll be increasing my monthly cashflow 25% going from 400/mo to 500/moOf course I'm not considering this in a vacuum, I have other factors to consider like appreciation, principle pay down, etc.

Given your focus on equity and scaling for future development, targeting properties where you can force appreciation through value add renovations seems like a natural fit.

I have always been interested in home construction techniques that are different or older.Container homes, these sorts of shot-crete homes, bale homes etc.The biggest issue is not that fact that they will rent, for if they are in the right location, of course they will rent just fine.