Let’s examine this from a total return.  

One way to verify an applicant's credit history would be to examine their tax returns and other relevant documents (i.e. bank statements).

On a side note I just failed the bar exam in CA for the 4th time.

Therefore, it shouldn't be examined in isolation.Really what we're looking for is if your activities rise to the level of a trade or business, and if the property was used in that trade or business.It's possible a one off flip (or two, or three) might be capital gain and not ordinary income subject to SE tax. 

I've studied and read the basics of this subject from Brian Page and examined the potential amount of cashflow and staggering ROI.

I haven’t closely examined how they derived their number but it was for the cancelled nights.

It's just to help sort out what properties to examine closer that will cash flow.

I've had vacancies in my Old Louisville 4-plex in the past and it can definitely be a nerve-wracking experienc.eIf I were you, I'd contact each prospective tenant after each showin and ask them what they liked and didn't like about the property. 

I filed recently and am waiting for the VA to reach out to me for examination.

Therefore, it is important to do your homework and examine all of the potential fees and expenses that will impact the overall return on your investment.