It may be worth it to have a mover come out and look at it before buying one and they can give you a lot of insight into it.

Establish an LLC to cover any potential lawsuits.

So, here's my question: How would you acquire money to buy a home as a temporary residence, potentially flip, or rent out and add to your portfolio?

I was contacted by a potential investor in the Smoky Mountains asking my opinion on the earnings potential of a cabin. 

Rehab cost can potentially be lower. 

Acquiring homes that have ADU potential.

Lower tax rates on income, but high property tax and insurance seem to be potential issues too...

If you do go this route, make sure you thoroughly vet out your potential partner and have a solid agreement in place to protect both of you. 

I feel like we may be in a favorable position to leverage this home and potentially begin a real estate portfolio and/or generate income, but that's merely a guess on my part.

@Yulia Orlov..while I can understand your concern and comfort as a potential borrower, DSCR loans really come down to metrics so a lender needing to understand your local or hyperlocal market is irrelevant.