@David Naphy With a strong credit score you can do better than 8% on a DSCR based cash out refi today. 

You might want to check out the Detroit Land Bank Authority, which sells rundown properties at super low prices—as long as you commit to renovating them.

In this type of situation, they want low interest rate with low down payment also.

I think there's a pretty low bar for competency in the management business because it's not glamorous and can be a grind.

Less than 10 minutes and they are done.Self Managed, Low Volume - these folks collect the same rent every month, have minimal expenses beyond their mortgage and find it very easy to collect the few documents they have to report it. 

It looks like you are right to be concerned about the low season as occupancy drops below 50% for most of the year  

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

And a few from 0% interest for a year credit card loans too.

New construction, fully decked out on the design and amenities. purchase price 785K, 40K in seller credits, 120-140k gross rental projections What made you interested in investing in this type of deal?

You’ve developed a moderately fast wealth accumulation strategy that’s relatively low risk, enabling you to ride out down cycles, negative cash flows, unexpected necessary expenditures, etc.