With current interest rates, and they are at least 1% higher with potentially additional points for non owner occupied property, it is hard to find properties that will allow for positive cash flow after paying the mortgage, if you are looking for money for the down payment from a private lender, those are normally at higher than market and I am not sure it would be possible to pay it off.... please remember you need to take into account that you may not have a tenant for a certain amount of time, a tenant may stop paying rent, or you will have a big ticket item to fix, so I would wait if I were you and save to have enough for the down payment and closing costs and perhaps some money set aside for repairs. you also want to make sure that you have your own emergency fund outside of the money needed for the investment property because life happens ....

The tourism demand is strong year-round, especially in beach towns like Panama City Beach or Destin.

We then added about 50%, rounding up to a round number. 

Do you do it year-round? 

A PMC cannot risk a ticket or lawsuit because an owner takes too long to approve an emergency.You do have the right to be frustrated that you weren't informed about the repair as it was being done.Suggest you discuss with your PMC and see what they say. 

But, regardless of the location, Hawaii always has been and always will be a popular, year-round tourist destination.

I would try to buy properties starting at a specific date so not large ticket items come up.

Yes, the target raise would be $3-5 million for the first round.

So is there a way to get away with 24 month contract?..

@Mary Jay yes and that’s counting even big ticket item repairs averaged out so my monthly is actually higher.