Vacation homes take some planning, I personally think shooting for break even profit/loss with a vacation home is a good tax strategy but if it is a cash cow I would gladly just pay the tax as you still come out significantly ahead and if you have one I probably wouldn't bother with a cost seg study unless you are getting extremely high rents.

I want to know what cash on cash return means, and all that other jargon I hear tossed about.I guess I will have to learn how to use the calculators!

I would be using a mix of cash and pulling equity from my home so ideally I can maximize my investment dollars as much as possible. 

The property is being sold "as-is" and for cash only.I'm a bit unclear about what "cash only" means.

What strategies do you recommend for securing financing and managing cash flow to ensure sustainable growth and profitability?

Highest bidder wins, pays cash for the property, and then what you get is what you get.

In order to make it worth her while you will have to answer both questions to her satisfaction.To answer the first issue of not being real to her, I use a tool I call flash cash.I will bring 1-5k with me in $100 bills and when overcoming her first objection, “I don’t want anything to do with it,” I will fan out the cash like a deck of cards and say, “I know this doesn’t feel real to you, but I am actually here to give this to you.”

I found a 10 year loan term with light stream, but was hoping to get something in the 15-20 year range to improve cash flow.Thanks.

Not sure your area that you're investing in, but the perfect BRRRR are kind of hard to come by now in the recent years.. so have the expectations to leave some type of money in the deal..Big thing that I've ran into and I've seen other investors run into is running out of money doing the BRRRR.. as some or most times you have to leave a bit of money in the deal, folks usually run out of cash to continue to do deals.. especially in the recent years..But good news is.. as you're holding and cashflowing on the deals, there is always opportunity to recapture the equity, not to mention tax benefits etc..I also see some pitfalls in investors getting desparate for deals, so they get lenient on their number etc.. as they do i see some get backwards on some deals...

At least that way I can use some of the cash flow to save for a personal residence.Any advice/perspectives on how I should approach this?