They had found a niche in financing the small mill village style houses common in the Upstate. 

Determine if the potential financial returns justify the investment of time and resources.Environmental Impact: Be mindful of the environmental impact of hosting camping activities on your land.

Clearly his selling style is incompatible with your buying style- move on.

This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.

It is a great brokerage and system, but it is the most "pyramid" style business in the real estate business.

This doesn't sound like it's in one of the high-performing resort-style communities, so I would be a little cautious.

@Kyle Mitchell yeah, I'm not sure who is telling you that there is a difference between second homes and investment properties...are you talking to someone who is doing a "non-QM" loan or a "portfolio'd" style loan?  

I would include a limit in the amount you are willing to cover (I think it can be a fairly high limit), but that way you protect yourself from someone running up the bill unreasonably and it encourages conscientious environmental practices.

Normally, I do BRRRR style deals and force equity through rehab.

If you're working with a good house-hacking agent, and you know what you want to spend, together you should be able to quickly narrow down to areas that work and home styles.