Not the same as in the book, but close.Your points about real estate investors focusing primarily on the small cash flows and largely ignoring the large cash flows is a point well taken.

. :)There's also "Alt-A" options that will ignore tax returns and evaluate 12 or 24 months of business or personal  bank statements for income.

Especially if the upside is too hard ignore.  

A draw schedule could look like Spare rooms 1wk (week 1) 100%= 10kMaster bedroom 2wks (50% week1, 50%week2) = 15kBathroom 1 wk (week 1) 100%=15kKitchen/Living Room 4 Weeks (25% ea week)= 12.5, 12.5, 12.5, 12.5This should allow you enough oversight to catch stuff as it comes up and correct it before it's too late... and again it was a generic example ignore the costs.

If you don't like the rules then get involved in the process to try to change them, don't just ignore them.If they want to restrict my rights as a property owner, they will do so, but I will always find a way to exercise my rights and go to court fighting it.

I'd pay special attention to that area.Don't ignore Plymouth County either. 

Guy had a house paid off from the mortgage and taxes, however he ignored a code violation fine he got a few years back.

If she is crazy you ignore her until it effects your bottom line.

He is adamant that I should ignore those comps and that that is not a factor in real estate sales.

Invest or ignore.