Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

Also obvious to me is this property will not produce a return that warrants the effort. 

Does the California government believe that wholesaler activity around the fires would only produce a net-negative?

They have to take it out within 10 years, add it to their regular income, and pay taxes at the highest bracket in their life.

Do not do anything that does not produce income.

Regular maintenance updates from your property manager—such as quarterly reports outlining requests, costs, and resolutions—can also help you stay informed and track spending trends over time.Building relationships with local contractors or networking with other investors in Cleveland can also be valuable.

Fail to produce K-1s in time for LP tax returns to completed on time, refuse to communicate with LPs, when LPs start to express frustration.Cheryl Cheryl, I'm sorry to hear this.Many investors learn expensive lessons with their early investments.Knowing nothing about this deal (because I didn't invest) I can already tell you the 24% projected return was a major red flag (in my opinion).

I have studied things and I feel I would only make maybe an extra grand a year and frankly I don't want to squeeze every last time out of people coming for vacation.Most of our guests are regular people.

We refer folks to bank-type lenders regularly throughout the year when that make more sense for our clients. 

Our agents want to work with us because they see the value of being part of a high-producing renovation company.