You describe the place as a "private mountain getaway," but it certainly doesn't feel like that.

@Thomas McNicholas renting one unit doesn't seem worth the hassle.

A second home will allow a higher LTV, but you won't be able to count any rental income to help you qualify, although from your post it doesn't seem like that's an issue.Homestyle is available for 1 unit second homes and investment properties. 

Simply ask them how they like living there, how the neighborhood is, what they like or dislike about their current landlord, what works and what doesn't, etc.

The deal doesn’t look lucrative enough to warrant such a rate from an hml to me

@Marjeanne FieldsThanks for inputI have flipped 35 single family houses so I have a clear understanding as far as rehab costsI put number higher due to common areas that need updating which will cost me 60-10k so I just divided that cost by 32 and added to each unitIt’s literally next door to a great hospital and 1 min from train station in a very good areaMy gut says stay away - there isn’t currently enough cash flow to allow fixing up units.I know hat buyer wants to unload He got to big to fast and doesn’t have time to deal with this.

Once you have your criteria narrowed, start your marketing and if it doesn’t produce then double the amount you send out a week for 6 months. 

If this is best case scenario it doesn't look great. 

Other than that, she's probably doesn't even know how badly she's screwing herself.As for repaying the former owner that rent they gave up to close, if the money came my way, yeah, I would do it.

Make sure the HOA doesn't have restrictions on vacation rentals. 30% is industry standard in most places.