You get to enjoy the FHA loan.

This way, you can still enjoy the advantages of real estate investing while maintaining your current lifestyle and commitments.

I want to live in one unit and rent out the other unit to help pay off the mortgage, then buy another spot when I have enough saved up as a vacation home.

This has been discussed alot on here.Some people seem fine with no cable.I have nice vacation rentals and provide an easy way to watch live sports, news etc.I provide cable channels or you tube TV.In my listings I state up front that I provide cable channels because I'm not cheap that if other people won't provide this what else are they cutting corners on?

IA will be building, collecting rent & and taking us on virtual or real vacation. 

decor and furnishings attractive to vacation renters.

We were recently on vacation in NJ and kicked the tires on attending a sheriff's sale just to see the experience. 

You would need to give 60 days notice to vacate in most areas to be safe.

There are going to be three levels of addressing this 1) things you can simply go there and do anytime (pick up pet waste and throw it away) 2) things you can do given proper notice (enter the unit and inspect, repair damage etc) and 3) things you can only do given proper process/procedure (notice to vacate, increase rent etc.)

I know this is more of an investing forum, but I figured I'd reach out and see if members with an investing background would provide advice.We're preparing to purchase a vacation property in North Myrtle Beach.