This can drive up price …In most markets you have a balance of appreciation vs cash flow and you are usually sacrificing one for another…however not in all cases as the goal is to find markets with healthy amount of both! 

Being HH#2, healthy savings will will cover for those oh crap moments that always come up

I appreciate that, glad to hear that you guys are seeing a healthy supply of tourists coming through! 

Even if you give them a healthy equity position you would still be able to grow and take advantage of the equity moving forward.

But with a combination of healthy savings and decreased living expenses, all of that can be recouped very quickly.

An automatic drivable lawn mower so dad doesnt have to push that damn lawn mower in the middle of the jungles in Suriname... crab legs every night... no more looking into my wallet to see if I can afford this can of tuna, eating healthy, travel... finally building my army of robotic minions so I can take over this damn planet, overthrow the orange baboon and become the black baboon so I can stop pretending to be the funny nice guy here on the forums and  become the evil little overlord supreme being 6th element and take my rightful place ruling this little mudball!

That plus underwriting to vacancy rates that resemble long-term averages, along with a healthy allowance for concessions and bad debt is the best strategy. 

You won't give up yet....after a while you finally find a gem,  but it ends up being a total rehab or gut project and if you are not equipped to deal with that or have the knowledge or time to do it....you are now bummed and decide that you can't in fact be a real estate investor and now you are going to have to suck it up and work that 9-5 job you hate forever and hope your retirement account is healthy when you retire.

The zero money down is the most appealing part to me just because I feel cash is king and try to keep a healthy amount liquid at all times. 

Personally, I can get behind it, me and my partner prefer staying at homes since we like to cook our own food and eat healthy and frankly, we tried the hotel with kitchens and most are super sketchy.