if the property breaks even, you should be OK since in theory there won't be any major capex for several years.

What will those monthly loses to be if something breaks, like a pool, hot tube or any other hospitality essentials. 

Could pay cash for everything to get built and lease up to break even and then cash out refi to pay them back and possibly (obviously could be worse too) at a lower interest rate then now.

., check with the county tax assessor's office.We did something similar in Alabama last year breaking off a couple of acres from a generational family property. 

If in a low income area and a squatter breaks in and sets up shop, they can stay there a year before you can put them out.

Hey Lamar, great to meet you, I have recently ( last 2 years ) been working to break into the same industry, with some success. my advice, talk to sellers. you have a few choices when it comes to how you receive leads, you can do outbound, thats calling.

However, you could still have - cashflow on paper, but still break even or potentially have + cashflow on your taxes.

If you're buying a place turnkey you're unlikely to be able cash flow positive or even break even, especially if you're paying a manager (although management fees are the lowest in the country here due to all of the competition). 

Let's all make a vow to really think, analyze, verify before we dress up nonsense as "facts" or "data".Imagine buying a car from a car brand that ALWAYS breaks down.You are telling others: The car works fine.

The same goes for when something breaks.