You can find online which larger institutions are buying in a specific area and try and reach out to them.

Also, nightly stays should be adjusted based on your specific pricing strategy as well (e.g. longer stays further out, shorter as dates get closer or gaps exist).

However, terms are negotiated specific to each project. 

Taxpayers should be aware of the criteria for this specific scenario.

Real estate transactions, especially flips, come with specific tax implications such as the potential for dealer classification, short-term capital gains, and cost allocation for renovations, which can significantly impact your tax liability.

So to answer the question specifically no I would not buy a property that did not cash flow and only for tax basis.

Does anyone have personal experience with specific scrutiny of a logbook during an audit?

You can also watch lots of in depth educational videos for SDIRA's/Solo 401ks on his website.

As echoed by many, the Midwest, specifically Milwaukee continues to be a strong market for cash flow.  

Quote from @Dana Yobst: Quote from @Julio Gonzalez: @Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.