You will have holding costs along the way with repairs, maintenance, taxes, etc.

Are there any rehab costs?

Not going to give here a lecture on S-corps, but take my word: no benefits, only extra hassle and extra cost, such as preparing another tax return.

Do you just suck up the cost if guests damage your property or throw a party? 

I did not want to spend 50K on doing separate meters for where I have my rentals it would cost me this much.

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

We're stuck, cost us too much to cancel at this point but know that we will NOT renew anything and have multiple reminders so we get the cancellation notice in on time.

You need to know what things cost.

I would include servicing costs of the loan and licensing costs.

All 3 parts are critical to being successful here and we’ve been doing it with todays prices, todays competition and todays interest rates.