Thank you @George Paiva for your thorough insight.I wanted to get the maximum cash-flow by utilizing a 30 year term.

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However that would be after PITI + Property Management (even if self managed), maintenance reserve (based on property condition, age, location, etc), and other costs such as utilities, landscaping, or applicable association fees.

That business then has to pay employees, rent, utilities, insurance, etc...If it costs you $500 a month for mortgage, insurance, property taxes, and repairs, and you can rent out such a place for $1000 a month, then you're doing a lot better than that business.

I am not sure if it would provide much utility considering the amount of money to get a few lines is ridiculous.Also, any other ideas or recommendations would be greatly appreciated.

Are utilities (gas, electric, oil etc.) separate and do all tenants pay their own?

I've financed a lot (100's) of 2-4 unit properties where the owners transferred into trust, LLC's etc and I haven't had a customer call back saying lenders were exercising the due on sale clause.

How is business, who are their customers, where do they work.

I learned so much about the vacation rental industry and also went from the position of weekend editor to the Manager of the Support Desk at VRBO (customer service via email) and eventually US Manager of Email Support at Homeaway, Inc, who bought VRBO in 2006.I really love the service & product offered by VRBO/Homeaway and use them to advertise my own vacation rental property in Dillon, CO.

Also, the escrowed amount for repairs is nice, but on a cash deal, that goes away, so remember to negotiate a lower offer in a cash deal when repair escrows are offered.Even then, when your bid is accepted in an O/O deal, you (the buyer, more specifically) is responsible for all costs to dewinterize/rewinterize, and turn on utilities for inspections.