This strategy aligns well with long-term hold and appreciation models.6.

Why are you interested in this business?

Kudos to you for doing something to create a secondary income stream. there are 5 income streams in RE rentals, possibly six if you do things a certain way.The reality here is your model (buy box) is suffering from too high an entry and too high a cost of capital.

What is their book of business?  

More syndicators go out of business and wind up in foreclosure and/or lawsuits to enforce loan guarantees. 

I dont believe in ever losing money and lean towards the cash flow model, but recently I walked into a property with maybe $100.

Or should I hang on to that and hope the busy summer months pick up?

Also, you don’t need a business license just to look at properties, but if you buy a bigger property, like a multi-family unit, you might need a certificate of occupancy, depending on the local rules.For business trips, most expenses can be deductible, but if it’s part personal and part business, you can only deduct the business portion.

I was conducting an extremely seasonal business and after 8 years of operation the business was insolvent. 

Yes, but that's our whole business model, so it's not terribly surprising to us. :)You're in the right forum to learn about MTRs.