Plus the added tax benefits to support my current situation ($120k a year as a "single" person with "0" dependents Uncle Sam definitely gets his cut) A home my family and I could use in the off seasons on vacation plus creating a unique experience with lifelong memories for our guests sounds great to me, regardless of whether it cash flows.

That’s what freedom feels like to me.You disagreed with my statement "cashflow is useless until retirement" statement because you can use it for unemployment or other investment opportunities.So if you become unemployed and your minscual $1000 isn't cutting it, that's because you took 250k and locked it up.

As an investor and agent here, let me know if you have any questions or want to connect JImmy your going to get your hand slapped if you keep cutting and pasting your replys..

Repair costs & credits aside, 203K is a more costly loan that will cut into your equity. 

Marginal business practices, bending rules, short cuts... all caught up with him and those (generally) who were not a "quality mentor" or a "quality trainer".

Let's say that next year your service calls to your HVAC provider increase by 50% and they in turn cut your rate from from $3,200 to $3,000.  

Like you said, I doubt he is really fine with his cut of the pie.

You can deaden the sound with rugs, and even cut out the sheetrock between floors and install some insulation. 

Yes, probably 50/50 to start and then once you have a strong track record with them, you may have the leverage to try to get a higher percentage on your end since technically what you're doing is more time intensive than what they are doing (cutting a check).

@Dawn Brenengen, I guess the votes are still out on whether I'm cut out for this.