I have researched the different kinds of loans for this but I would love to speak with any lenders or other investors in this area. 

I see HELOCs as low as 7.5%, so the difference is not that significant.

The numbers may look good on paper, but the reality is very different-lower quality tenants, higher turnover, more problems and less money than you'd expect as a result.

Quote from @Jonathan Soto: great write up. thank you for taking your time and going in to detail. i have been looking into a business for myself but havent seen much in biz bysell that make sense. just need to keep searching Try looking into Crexi and Loopnet too, I find all different kinds of small businesses for sale on those websites compared to Bizbuysell.

See the difference?

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I would keep the deposit unless I am able to rebook the dates and then I would only make her pay the difference for any unbooked nights. 

Now if you have name regocnition and want to be a front man that is a different story. . . .  

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

After listening to his podcasts, I don't have questions because he's already asked them.I got into a different program before I learned about Seth, but I do soak up his information.