How much do you traditionally need to put down on the property?

@Nicholas Bravo,If that $300k judgement shows up on your credit report, you will have a hard time getting traditional mortgage financing until it is paid.

You being a US citizen could just get traditional bank financing. 

ROI: Cap rates are traditionally double digits here.

And it seems like their interest rates are a bit high compared to traditional loans in my area.

I'm not a fan of traditional vinyl flooring, but at least it covers the entire floor without a grid of seams.

You might have to try a portfolio lender for a bit until you can refi out of it into a traditional mortgage program once your income is established.

The larger question is, as we continue to invest in income/rental property, do you at some point depart from the traditional mortgage loan, since we want to leverage our cash as much as possible, and so far we've been riding on my income and savings, both of which are high at the moment.

My goal right now is is to create enough cashflow to quit my desk job.You're right, the rent for the cash property should be a little less, something like $725.

I wonder if anyone has info on how it is viewed in a more traditional vacation area versus non or large city versus small.