A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

It fulfills my need to help others as well as buying a house or two here and there.

For cash flow in the area STR's are a great strategy that my business partner and I have found to cash flow well.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Also, drilling a well is not always an option.

I was thinking of DSCR as well as it would have no problem with LTV or DSC Ratios on appraised rent vs. expenses.

Tristan, I was hoping you would get some input as I would love to know the answer as well.

I am already preapproved and could move on to something else that would not cash flow nearly as well.

STR in those areas do well year round because of fall colors and ski resorts and snow mobiling if they are on a lake, but on the flip side you are paying significant more because they serve dual purpose.  

I figured, while I'm doing my own research/self paced education by reading books, I might as well take a course as well and get my RE license!