Quote from @AJ Exner: It depends on the lender, so giving them a heads up is good.Most of the programs that I am aware of will allow you do utilize only 50% of whatever the 'gift' is.

Is so new that the information you gather online goes from worst experience ever to  5K extra profit per month....Luis Maquiera MMPartners

Hi Zay- You've come to the right place- there is so much knowledge within this site!

There is so many great answers I can give you for this questions.  

I don’t think there is much growth potential since it is so remote without big tourist pulls and dry land around it. 

Get your refinance terms in writing, DSCR requirement, seasoning period, appraisal method, everything.A lot of investors are shifting to new builds because the acquisition side is so competitive.

If you take it to the extreme I’d like to see an interest only loan option that had a competitive interest rate, I mean I do like principle pay down, but I like cash flow better, and in the end equity gain is where the really money is, so any tool that would allow me to use more leverage and reduce risk by increasing liquidity is better for me. 

This is so insightful.  

A 3–5 gallon tank heater is cheap, tough, and works every timeThe small tanks:✔ Use very little power✔ Plug into standard 120v or small 240v✔ Cost $150–$250✔ Are easy to replace✔ Heat water fast✔ Require no fancy wiring✔ Don’t care about flow rate swingsEven though they keep water hot all day, the total kWh usage is tiny because the water mass is so small.For sporadic sink usage, the cost difference on your electric bill is negligible.5.

That is why working with someone that is experienced is so critical to miss this big missteps.