As long as you know how to do the math - the numbers will tell you your answer:Conventional Loan purchase - 25% down = $40,000  + $10,000 rehab + closing costs (let's estimate $10k just to have something here) - TOTAL OUT OF POCKET = $60,0000HML Purchase - Lend 75% ARV (you didn't state this but this is pretty standard - if yours doesn't offer 75% of ARV then go find a different HML) - 75% of ARV = $172,500. 

Most surface owners here make money through damage payments from the mineral owners, by leasing the property for cattle grazing, selling fresh water for oilfield operations (groundwater is tied to surface estate in TX), or building commercial facilities (man camp, RV parks, etc) depending on accessibility.

If the tenant named in the lease moves out, the remaining occupant has no right to continue in occupancy without the landlord’s express consent.Landlords may limit the total number of people living in an apartment to comply with legal overcrowding standards (Real Property Law § 235-f)."

Often there are standards (ie goes to surviving spouse, if no spouse divided between all of the kids). 

Read some studies (but consider who paid for them and their motivation :-) And cities like LA, Seattle, NY cannot blame the vacation rental market for their housing problems, those are the result of failed policies by years of leadership....Vacation rentals have many benefits over standard rentals that you might consider a) they open up areas to vacationers that would ordinarily not be accessible (not everyone wants to stay in a hotel district).b) they almost always improve the neighborhood they are located in - the house, inside and out, must always be in near-perfect condition in order for the landlord/host to stay in business.

I find it had to imagine the services of loan holding you to prior standard or Fannie/Freddie presumably the owner of the loan to request servicer to do so.

This will be time consuming and a lot of work however I am fully committed to this and have a target to hit per month as I view this as a numbers game plus the fact that I only need one good deal(to begin with that is), my question is how much info would you submit in an original offer to save time but at the same time not miss anything of importance, Im planning on having a template with my info, sales price Im offering and a standard set up of things Im willing to cover.

Remodeling to current aesthetic standards, but no major changes.

Biggest lesson learned is I treated this property as if it were my own home and had set the standard.

The city has seen some serious investment from the city along with investment from Promedica, our healthcare provider, which provides thousands of jobs to locals in the area.Along with this, a new company is moving into the area and will be implementing a $400M facility: Peloton.