Lastly, keep in mind the % of the value, you can get as a cash-out, and if there is a seasoning period with the lender(s), you are looking to work with.  70 - 75% is typical.  

Mortgage guidelines like seasoning periods and how much cash you can take out are not typically governed by state laws, although Texas has some rules on cash out refinances. 

We typically just mail to the owner's home address as there is a higher likelihood that they open that mail in a timely basis.

@Marco Padilla I'm not sure how things are in PA, in Florida the sellers (sometimes banks won't) typically pay the title companies fee so they have the right to choose who they use because they are the one paying. if I understand this correctly the first title company was in PA??.. 

And they typically need board approval to even get 20.

Most people on the Oregon Coast in populated and touristy areas typically choose to do VRBO or Aribnb to hopefully get more income but long term leases are also a good play on the coast.

What is the typical "path" I would need to take (Online course?

I get paid as the days go by example if somebody books it for a week and they start Monday I get paid that Monday and for the whole week for that customer.I typically charge on one of my cabin $100 a night so it's very profitable better than long-term renting.

What is your expense ratio typically look like? 

As far as Zillow Premier agent goes - it partially depends on the available areas and the price, but typically I would say this would not be a tool for new agents.