I also am considering buying land and building, so would love to hear thoughts on that as well.

These loans typically have higher interest rates but can provide quick access to capital.I am a loan officer in CO, so I may be able to help you, as well as advise you on how you can increase your appeal to lenders.

Minimum of first, last and security to move in as well.

Same here and it works well if your clients self-manage.

Yes, I have and well said.

Unless your panel has been recalled or has a known hazard issue, I wouldn't touch it. 

If you have enough to put 10-15% down, they will also cover your rehab costs as well.

You then have to stack your financing costs on top of that, as well as reserves for Maintenance and Capex.You could always start off offering the other side of your house as a STR and see how it goes.  

It can have a positive effect on marketability if done well, and should positively effect the tenants use of the units for the summer/fall months. 

The youngsters are all doing well and paying on time and I’m helping them learn how to be good adults which is nice.