With Stockton University building a new campus, hard rock casino coming in and Ocean Resorts re opening the old Revel I really feel that the city is on the verge of a turn around.

Doing business with integrity is king for all players involved.

Your only option might be considering a 1 piece cash out refi and seeing if you can get a conventional loan first, 2nd a bank statement loan (personal or business, 12 or 24 months), than a DSCR as last resort

I feel bad for anyone that buys from the resort though as they're paying over the odds.

Check with Biloxi Beach Resort Rentals them maybe able to share some numbers with you on how the condo market is doing on the Mississippi Gulf Coast.

Seriously considering a Condo that's part of a "resort" and wondering what the money down will be?

If you want to do this right and be a serious player in this business you should just make sure you know what you are getting into with this building before you purchase. 

Does this term apply to transitioning a SFR into a resort rental use?

Gaining the knowledge by learning from the "experienced players" is your best bet to make it, legally and ethically.

With my 4/3 townhouse in a resort community, I'm hoping to attract colleagues willing to share.