For future reference, there are some threads about them here on BP.

Another option would be to keep the purchase price at $140K and bring a check to closing for your broker.

Mostly house flipping community, but will be  relevant to others.

So at a glance (quick), this seems to be interior products and finishes?

@Nathan Gesner and @Jonathan GreeneAgree with both of you.There are only two good ones I can think of.Every Turnkey provider here in Metro Detroit has taken advantage of investors. 

You will need to have experience in short term rentals to interest a lender on this.

Too many entrepreneurs make good money each year but pay Uncle Sam 35-50% of it.It takes a long time to build a massive wealth snowball when 1/3 to 1/2 of your snow gets chopped off each year.Real estate can help with this.The best model I've seen is:1.

Welcome to the community and be ready for a huge amount of information at your finger tips.

However from what I have read here, it seems like a really stupid idea.

I appreciate all of the detail but what information was provided to the agent that wrote the policy?