8/23/2019  Ben -  congrats  on the property ..that area  is  great and will likely be a profitable component of your portfolio ......assuming you are working with a lender - you might check with them today on locking in your  pricing  ( as rates have taken a nice  dip today) 

Or do they look at the housing component more?

Expect cheap (sub Goodman) components.  

But often the original posters question has to be answered with an emotional component.

That includes a property that you use some for personal use or has a split use component (like host quarters in a BNB). 

The gotcha, at least in my case, has been the local presence component.

The other nice thing about it is I control what they initial as well, which means I can enforce them to initial next to some of the key components in the rental agreement - such as issues concerning the indoor pools.  

Pre-Payment Penalty: If they have one, is it a flat penalty or does it have step down component like 6% of loan amount if paid off in year 1 / 5% if paid off in year 2 / 4% if paid off in year 3 / 3% if paid off in year 4 or is there a loan yield maintenance fee if paid off earlyUse of Funds: What are the funds being used for?

If you acquire the property, check into a Home Warranty Plan to cover all major components including well equipment and septic system (plumbing systems)

You read that right. he brings the two hardest components for any fledgling syndicator: deals and investors.