A vehicle including a fuselage, at least one lift-producing propeller carried by the fuselage on each side of its transverse axis a pilot's compartment formed in the fuselage between the lift-producing propellers and substantially aligned with the longitudinal axis, and a pair of payload bays formed in the fuselage between the lift-producing propellers and on opposite sides of the pilot's compartment. Many variations are described enabling the vehicle to be used not only as a VTOL vehicle, but also as a multi-function utility vehicle for performing many diverse functions including hovercraft and ATV functions.