All things being equal on the asset side, the operation and systems put in place will make or break the performance of the investment but at this point that has almost nothing to do with real estate. 

Here’s a BP blog for more info on this - 9 Vital Questions to Ask When Vetting Your Real Estate Investing TeamNo property ever paid the rent.

I'm thinking about getting a 200k personal loan - I'll use my salary to repay equal monthly payments for the next 5 years.

More competition equals less income per cabin.It's possible you can grab a cabin at a low price from someone who bought at the peak in 2022,  Just do your homework and be sure you can make your ROI before you enter this market.

The problem is the equal or greater value rule with 1031.

$120,000/0.06 equals $2,000,000.So in my mind the target should NOT be cash flow but rather building net worth.Despite what the gurus say, sufficient cash flow to be financially free can only come once one has sufficient capital to invest.Let’s be clear I only buy apartment propeties that cash flow but immediate cash flow to put spendable dollars in my pocket is NOT the primary goal.

I do not really look at it that simplistic as there are a lot of expense allocations; income does not equal cash flow, income minus PITI does not equal cash flow.Good luck

It was vital that the house be in close proximity to the one who knew how to do the repairs, because of the technology of our current time theoretically Id be able to monitor and track progress with a trust worthy foreman whos on the job, performing repairs, managing subs, and moving the needle.

My first base was Holloman... equally "fun."

Since i don't know who flipped the switch, i am planning to pass on the cost to them both equally ($180 total)Let me know if anyone has a comment on that, but i do trust my gut when i comes to tenants and their issues, knew this one didn't pass a smell test.Why is there a switch for the boiler in a hallway?