(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

The disaster services are 100% funded by it's members and donations.We had a vacation planned for Asheville in 2 weeks.

Hey Guys,I’m looking at a vacation rental off of S Atlantic Ave on Dayton Beach. 

Got it.What we include in the process as well, is "how best to protect yourself from the "due on sale", what happens if the renter stops paying, what if the seller won't vacate, how to get a title report, why to not use a real estate agent, how does this affect my taxes, what makes for a good deal, what exit strategy to use, how do I hold title, what happens when the seller comes back later and demands to be taken off of the loan, how do I hold insurance, what happens when a roof or waterheater need to be repaired or replaced, and on and on.

Both the GP and the lender can tell their investors that they won.To your question on how this is calculated, there’s no math formula, instead it’s more like that scene in National Lampoon’s Vacation where the Griswold Family Truckster gets repaired at the only gas station in the desert.  

Perhaps a stupid question but is there a way to like parlay this into a type of themed Short term rental or vacation rental type thing? 

There are lots of FB pages dedicated to vacation rentals for sale.

I’ve personally seen a growing interest in U.S. vacation rentals and multifamily properties from Canadian investors who are looking for growth beyond the Canadian market.P.S.

Once you transition one of the homes into a full time rental you will reap that benefit by filing a schedule E at the end of the year.There are a few loopholes to consider like calling one home a "Vacation/Second home" which allows you to pull out 80% LTV with a better rate. 

PM gave him 60 days notice to vacate few weeks back.