The way that I have done this in Costa Rica has been to bring in several partners on a high end luxury property who would like to own a part of a property that they can use and enjoy but that they don’t have to manage by themselves.Each of the properties that I own are at a million or higher or will be soon. 

In speaking with a lender, I am told that the equity in the property can be used as collateral against the loan if owned for at least 1 year. 

Prices are far lower there “relatively” speaking due to low demand.  

Probably need a full time manager, but not really big enough to do that unless the rates are super luxury I would think. 

Hi Isaiah, I am based in Fort Lauderdale and can speak to the local market directly.  

One of the most violent cities in America statistically speaking.

Quote from @Simon Walker: Quote from @Andrew Syrios: Could you "split the difference" so to speak and go back to work for yourself but limit the number of clients you take on so you only need to work 20 or so hours a week?

There's a few ultra wealthy here, they can speak up too.

But can anyone here actually speak from their OWN experience as to why NWAC is bad?

Once it's placed into services as a rental, the property taxes will be a rental expense.I agree with Gregory above and speak with the company he has his mortgage with.