I have rented down there before and have a general idea, but it seems to vary widely and I am concerned that with sale prices so low, all the folks with houses they can't unload will flood the market with cheap summer rentals for the next few years. 

Remember, that even though many of these terms, like triple net lease, have widely accepted meanings, you always need to carefully review a lease agreement to verify that everyone is operating under the same set of definitions.

I don't want to discourage you buy make sure you go in with your eyes wide open.

The word personality embodies a wide range of issues.

, whatever) people widely and very openly discuss it. 

Here's a company, myVR, that offers :CENTRALIZED PROPERTY MANAGEMENT Calendar, reservations, communications, and moreRESERVATIONS & PAYMENTS PROCESSING Take bookings and payments online under your own brandWORKFLOW & EMAIL AUTOMATION Automate inquiry responses, stay emails, reminders, and moreREPORTING & ANALYTICS Track business-wide performance with our centralized reporting and analyticsBASIC CHANNEL MANAGEMENT (CALENDAR-ONLY) Update calendars across top vacation rental sites via iCalADVANCED CHANNEL MANAGEMENT (FULL INTEGRATION) Sync rates, property details, inquiries, and bookings (varies by channel)INTEGRATED WEBSITE Add a mobile-ready, bookable template w/ blog or integrate third-party websitesEMAIL MARKETING Integration with MailChimp or Constant ContactINCLUDES PREMIUM LISTINGS Includes cost of HomeAway and TripAdvisor subscriptions.

Take a look at the find a lender tab or work with a broker who can quote you multiple options from a wide variety of lenders! 

If yes, then, improve its on line presence to reach out wide target clients.

I'd also recommend low water use toilets(there's one from Niagara called the Stealth that only uses .8 gpf) and Watersense faucets or aerators.If you really want to go crazy, put in a solar array to reduce your common area electricity expenses- and put it somewhere visible.

@Shawn Tompke unfortunately none of the widely held beliefs like the 1% rule and such, don't apply very well to Bellingham, or most of Western WA for that matter.