Depends on my existing goals but yes.

And West Wing was written by economic illiterates who think you can push a string.these already exist.. 

Having the cash saved up is an obvious answer, and I know FHA203K loans exist, but they require you to live in the property.

@Spencer Herrick like most of the folks said here, it's about your team and being sure you have a solid due diligence process in place...no need to see a property in person if the property meets all the criteria on your due diligence checklist...the first 35 checklist items are crossed off in the first 3-days of due diligence...One thing you have to remember is almost every existing and new structure in the country was built by a professional developer that met strict requirements set by building codes...properties can have issues, but almost anything can be fixed...overall SFR and MF homes are incredibly durable.

If I can build the unit and reno existing house for 200k the numbers work out to 10% CoC roi.  

I will be somewhat tough if you don't buy soon as the holiday bookings will make it difficult to transition, get inspections and closing dates to coincide with very tight windows and also the possibility of cancelling existing reservations for people that have big holiday bookings.Depending on what type of property you are looking at will make big difference also.

I don't have any contacts but i can tell you that type of project is virtually non existent in okc metro. 

The vacation rentals have existed here for many years before Airbnb and Vrbo ever entered the scene.There is a large workforce housing issue in our area and we see numerous “now hiring” signs all over the Cape, which has only been exacerbated by the J-1 Visa ban.

However, one of the things that worries me the most is getting a tenant for a commercial property if the existing tenant decides to leave.For example, we are quite happy with a dental office we've been looking at.

Do they have an existing relationship with a leasing agent to fill vacancies?