. , SF, LA.. etc etc. and half paid CASH... so very nice deal.People come there for the out doors  its the wind surfing capital of the west and popular world wide.. along with skiing on Hood.. bikes Fishing boating etc.. pretty neat little area..

For people new to REI, fixing and flipping a house is one strategy...Your other option is to BRRRR the property.1) Find a refinance company that will refi with low or no seasoning and low or no documents (asset based).2) Find a hard money company that will go 75% LTV and 90+% on the purchase and 100% on the repairs (keep your out of pocket low).3) Find a property within the 75% LTV when looking at ARV.4) Close on the property.5) Repair the property quickly.6) Rent it out.7) After 5 - 6 months, refi the property (not cash out but regular refi).8) Watch your cashflow come in.Money this should cost you on a similar priced place to the one you bought:ARV: $175kPurchase: $100kRepairs: $30kLoan: $120k (90% of purchase / 100% of repairs)3 Points: $3,600Fees: $1,000Interest: $1,296/mon (assuming 13% APR)Utilities / Insurance / Tax: $650/monAll-in Out of Pocket: $20,438 (assuming 3 months of holding before rented)If you could get a property worth $175k for $20k with out PMI, you are coming out a head.

I always use this analogy: would you tell a beginner skier who has zero experience to ski a double black diamond (the most advanced terrain) for their first run?

Get a pre-approval from a bank so you can jump at any property right away, and have your real estate agent set you up with automatic email alerts notifying you of any new property that hits the market.Then, don't delay -- check it out quickly, and make an offer the same day if possible.Conversely, another way to find great deals is to look for properties that have been on the market for a long time.

And do what @Drew Sygit suggest and get out in your imediate community and network and learn the business taking a pre license RE course which is very cheap is a good way to learn how real estate functions. 

(even 20% down payment) at 4% APR.  

Investment Info:Condo Buy & Hold Investment @ Giants Ridge Ski Resort - Biwabik, Minnesota. 

My husband and I are looking to buy a vacation rental property near a ski resort in VT and banking on STRs in summers, falls, and winters (as well as taking the occasional family trip there ourselves).

Consider enrolling in a pre-licensing course to help guide your studies and prepare for the licensing exam.

Because of that feature limitation, I ended up swapping them out for dumb irrigation controllers.As an experiment, one time I tried leaving a pre-configured wireless access point with a tenant specifically for smart smoke detectors and irrigation controller, but the tenant objected because it meant I could potentially access their network whenever I wanted, which was theoretically true (not that I would do it).