Providing the cash flow will support the loan payments.

An umbrella is usually a good idea but it's dependent on your personal situation. 

I always have tenants provide me with an emergency contact.

First, as Tanner suggested, engage a general contractor to assess the property and provide a detailed rehab estimate.

Depending on the part of the lake there will be different permitting process.

Is 3% really that tough to give up for providing most of your guests, extra insurance, customer success, payment processing, communication, etc etc etc?

In the lawsuit she was claiming now claiming to be my landlord - and she provided the courts with a blank unsigned rental agreement - another reason it was overturned:  my mother had given me full permission to live in her house rent free for two years after she died.

@Drew Sygit I noticed you provide property management services. 

Of course it depends on the market/price, and of course the more you put down the more cash flow you will get.

As a side note, these are individuals who have already completed a video interview with me and consented to paying for a background check for the position and provided references.