Catherine Lacey You might be surprised and find that making it a vacation rental doesn't make you more money.

I might be in a unique predicament and thought to reach out here:I am wrapping up a co-owned 203k project that had some large surprises during construction and, now, is over budget and we need more money to finish the job.

You MUST be prepared for situations where the tenant moves unexpectedly, or you have a big repair bill.

After all, they have SmartKey:http://www.baldwinhardware.com/Products/Compare-Portfolios/Prestige/SmartKeyReKeyTechnology.aspxAnd Kwikset and Baldwin both have the same parent company, so I would not be surprised if they share more in the way of lock technology.On every vacant property I have a lockbox.

@Tish Thorpe I think you are smart to think creatively about how to change your financial circumstances.I have only been following biggerpockets for a couple of weeks and I have been repeatedly surprised by how many people come to this site with exactly your plan - wholesaling to build up some cash and then be investors.I am sure some people have done it (starting careers through wholesaling) successfully.

Everyone on this site is trying to make money, not sure why you are surprised.

Don't be surprised if it is hard to find someone who is good at investment lending.   

You would be surprised at how many statements we see of restaurants/restaurants/starbucks with just a little left over after every month.

Your price doesn't surprise me.

Also LLC will not provide any tax advantage from rental income stand point, it protects you from your personal wealth in case of unexpected catastrophes with your rental property.