If you're looking for a more permanent home later, consider areas that are not just tourist-oriented but have good schools and community resources, which can be more appealing for long-term living.

Good luck to you. 

This was also our first remodel and a good learning experience.

Good thought regarding the basis.

@Andrew Freed has a good suggestion for commercial DSCR loans which focus more on income, but you may not be ready for that as a first-timer.

@Matt 'Roar' Gardner, good to see you here! 

Good luck! 

For those of you that are holding cash, you may score a really good deal in the coming months.

Good Luck!

Is this a reasonable expectation and a good option?