Everyone wants a beach house but I'm actually looking at buying a vacation rental beach house right now and it won't cash flow like the houses in the Shenandoah mountains.

Seriously nice guy, so far a great tenant and guess what?

Now if I'm actually closing (like for my flips) I do everything remotely and I have a notary that works in my office to notarize the docs.

Hello @Peyton LaBarbera,Yes so I'm assuming this is for a projected NOI in the future (guessing by the average 5% vacancy fee)? 

A few cities in Denver actually allow non-owner occupied vacation rentals (pure investment STRs), and then there's Parker, alone in its outright ban of them.MTRs are an interesting choice.

I guess I just don’t see how doing it locally will be less expensive if the same mistakes are made.

I'd guess $12,000 - $15,000, including the utility work - based on my experiences in SoCal.....

DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

For those asking about location, it'll be in the knoxville area (potentially smokies or adjacent mountain accessible areas) and will be doing several smaller 400-900 sq ft units (new builds) on a 5-10 acre lot, and I will be bringing the great styling, photography, marketing, and amenities :)  I was actually assuming worse vacancy in the beginning, but this is reaffirming my feeling that what is hurting is large and dated rentals. 

Im not sure but I guess we can choose to have one.