It’s a nice place and I hope to rent it out weekly from time to time to help cover the mortgage ($1,850/mo w/ taxes, etc.)I just found out from a personal conversation with the owner that a Lake House down the road will be going for sale and I was given the option to buy it off market.

I really liked the condition of the property plus the seller financing helped seal the deal.

There are local firms that will do it for you with the cost of about 1/3 the tax savings. 

Congrats on the project.

I am happy to provide insight as I work extensively with foreign national investors in the US.

As the popularity grows and people become more nomadic, I think we're going to see more and more of this.

If anyone has a DD checklist for such properties (and/or anecdotal thoughts on the same), can you please share?

Your architect can create this for you.For hot water heaters, is there a lock on the door to that room?

Investors buy shares and earn returns through dividends and potential stock price appreciation.You typically can’t lose more than your initial investment with publicly traded REITs.

In the long run, is that the type of company you want to be at?