Now what i cannot speak for is Turns.. when it comes to turnkey, however I am note sure you can account for that with a BRRRR either. 

My plan involved using the 150k to pay off my current loan and the remainder of a vehicle loan which would reduce my monthly bills by 350$ but the 150k loan would have to have a term of 30 years.

Also from what I gathered you need to have the funds in your account for 60 days unless it's coming from a HELOC (which won't help me as has a max out of 80 to 85% of equity).

Either  1) you will get no loan whatsoever, or 2) It is some BS combination of "trade accounts" credit.....Office Depot, Home Depot, and other misc useless businesses......Not a cash line of credit.Once you qualify for any kind of business line of credit, there will be No upfront fee, and more importantly it will be because you have established an Actual ongoing business that shows a profit, and consistent revenues over a few years.Time to turn on your BS detector.

I have always had an interest in having rental properties and even doing fix and flips but I have never taken the leap to get involved in it.

I can refer you to my investing group's financial experts (accounting firm / law practice), if you like.Where the issue may be getting confused is that the interest on financing is an operating expense for income property, but the principal portion is booked under debt service, as I understand it.

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They typically want 2 years worth of tax returns (done by a CPA makes life easier), and will want bank statements for all accounts.

Do you think vacation rental company is obligated to maintain the trust account for guest's deposit and prepaid rents?

Get involved in your local REIA to really capitalize on relationships to be found there.