A caution, particularly for newbies. 

I would caution you to push back your work-quitting deadline until you have a few years of actual numbers from your property(ies) and you are certain of your cashflow stability.

I think especially for someone who digs in and sees the work expanding, and who is hiring hopefully knowledgeable people instead of being one, it’s best to err on the side of the permit caution.

Some people would take the attitude of dealing with it later, which I would caution against.

I have been one so I am just offering caution.

But caution - I've taught 1031 classes for Realtor Boards around the country and my message is "As a realtor analyze and sell and buy real estate for your clients. 

I would caution you to consider the opportunity cost of spending that $210k all on one property, there are so many other ways that you can put that money to work for you.

Your whole paycheck, any side-business money, all your emergency funds.Some people are afraid of this philosophy, and there are a few reasons to express a certain amount of caution, but if you make more than you spend, you won't be hurt by this philosophy. 

The conclusion I got from the research we did is that 1- and 2-bedrooms cabins did very well, and so did the 4+ bedrooms but we were cautioned by multiple people to stay away from 3-bedroom cabins because they weren't seeing the return on those like they were from the other options.

I will caution that they are picky about certain things.