My question to those of you that are ahead of me is two-fold:1.

Also they should visit the property and do a walk through with you.What are the PM Fees?

When I think about rehabbing, financing, property management, and other aspects of the business, it can feel a bit disorganized.I may be getting ahead of myself here by thinking about documentation and systemization, but I'd like to have some kind of mental framework regarding how to think about the different aspects of real estate and how they relate to each other so that I can have a bit more structure in my thinking. 

Your book recommendation will absolutely help give you a head start on being an honest and ethical landlord. 

Pick a market where VERY few people live and a TON of people visit.

You would be money ahead to increase your loaned amount by the 5k and not worry about points and stay at the 2.75% as it would only increase your payment 20/month roughly to go this route. 

Patrick,Just a heads up, no lender that I have found will let you do a HELOC on a rental property.

I would visit during peak hours.

I visited for a friends wedding a few years back and really enjoyed it. 

Visited 16 National Parks and countless wineries!