It is an enormous responsibility taking on the role as a landlord.

They're probably not a joy even when they aren't, because you still have to keep water tanks full, get waste tanks pumped, there's specialized equipment throughout that's more expensive to fix when it breaks... but the potential returns look enormous, if you're willing to put in some extra work.I've said I'd never own a boat (my family owned several, hence my caution) but this scenario is tempting me!

On the other hand I read a home builder investor say he can build new homes for 30% less than ARV, which is enormous. 

Forced appreciation on the other hand can be enormous.

It sounds like he is using depreciation to create passive losses so that he can offset active income from his enormous golden parachute?

He decided that he was coming out so upside down in the deal that he pulled it from the market and declared bankruptcy.His big mistakes were not looking at other $600K homes and getting an idea of features and finishes and not bringing in an architect to lay out a much more functional floor plan.As much as I'm heartbroken for him - and I really am - I watched what should have been a very nice paycheck for me evaporate too.Thousands in expenses, an enormous amount of work, no income to show for it and a broke client. 

They created enormous value for others by creating this community. 

That is an ENORMOUS monthly amount for a property at this value.

Listen to people who’ve been in the game 20-30 plus years and have enormous wealth.

I suppose if you mailed this list enough and spend an enormous amount of time sorting through calls you'd eventually be able to come up with a deal.