With a strong network of brokers, a sponsor, nothing you can't crack into -- and per some feedback I've received on BP from veteran investors, they'd always suggest to look at logistics and proximity first.

At what point do summer vacation rentals typically start to book?

What are typical lending terms on said properties?

Once a month to pick up, rent, typically.  

An Appraiser's Client is typically a Lender.

They should be issuing you itemized statements on a regular basis that will break down maintenance, management, utility costs, rents received, etc.

What are typical buy-down costs?

Some are for-hire independent contractors, whose services an investor could enlist directly, typically for a relatively minimal cost.

so that typically means you're either (1) starting with a pretty distressed property, or (2) finding something where you can add bedrooms and bathrooms.a cosmetic rehab generally doesn't cut it whether you do the repairs yourself or hire them out.

We typically aim for 15-25% annualized returns for instance, as a mix of cash flow and appreciation.