My goal is long term.

The west coast markets have traditionally been appreciation markets, and if you are not forced to sell and can hold long term, risk diminishes.

Prepayment penalties- usually 1-5 year terms.

The offer I received is a 9% interest rate on a 5-year term, resulting in a monthly payment of $726.

Obviously I don't have much to offer currently in terms of local knowledge but I love connecting and sharing info and plan to be a valuable and helpful part of the investor community there. 

I am looking to build a SFR for short-term rental, would be my first-time new build.I have engineer plans for well and wastewater stamped by the state of VT for up to 4 bedrooms.

The faster track on rentals  (cash-flow wise) is to do short term rentals like AirBnB, etc….

Their white shaker cabinets have a painted finish, and look better long term. 

Some lenders are okay with Foreign National STRs but the rates and terms may not be as attractive. 

The repair costs will take multiple years to recoup and with the age of the property I'm concerned if it's even worth holding long term or get out while I can before I fall into a money pit and get stuck.