.: Quote from @Erik Estrada: They are technically more expensive than a traditional 30 year fixed. 

Usually for first timers and low down buyers the underwriting is a little more simplistic than traditional buy/hold investors purely seeking yield. 

Some traditional buy and hold RE investors have transitioned to flipping.  

It could be 24 hrs if you are not checking these items.

Short-term rentals in tourist-heavy areas can also outperform traditional rentals.

For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.

@John Underwood good feedback I appreciate it.I am viewing the property Friday so will have a better POV on landscaping maintenance then.I hadn’t considered the other items you mentioned, so thank you!

I am trying to decide whether or not I should go through a traditional bank (JPM), a morgage broker, or try and find a credit union.

Replacement Cost PoliciesCash Value: Reimburses the current, depreciated value of an item.

If you are just starting, I would think on a leveraged purchase, $200 a month in todays market, that is assuming the home is fully renovated and capex items are fairly new.