Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

Conventional mortgage loans do not carry a Occupancy requirement which makes it attractive to investors. 

From what I understand their business model is getting paid by the banks and the banks so far are offering it free of charge to attract clients and stay competitive.

They are often not even there - they are out looking at attractions, theme parks, etc. 

These "off the books" loans are very valuable so I will pay a little more to the owner to make it attractive enough for them to offer it.

Focusing on how to attract longer term (permanent) tenants will net 200% more (incrementally) vs any other tactic IMHO.tips:   buy the book  Landlording on autopilot. 

Simple cash repayment horizon is 3.3 years, and attracting better quality tenants at the higher price point.

Not the attractive answer than anyone wants to hear but if you want it bad enough you’ll make it happen.

Travelers have returned to Orlando in droves and we expect very strong occupancies for the foreseeable future due to pent up demand with Disney tourists.

Especially in remote areas with a wealthy tourist/impoverished community dynamic.