It becomes quite profitable when an agent can re-sell the same properties 3+ times in the span of 5-6 years, while managing them. 

The property is on Lake Osoyoos which spans Washington and Canada. 

-Its not only in your interest to keep your units spick and span throughout the tenents short stay, but its mine as well because I want to have the best rating possible while promoting future stays for future business on down the road.

So if the pipe did burst in that 2-3 day time span, then there is a good chance it will be denied. 

The first couple not so bad, just your floor joists are probably spanning too far (general rule 1” thickness for every 1’ of span, sometimes floorjoists can span a little further than a beam on this rule).

I'd encourage you to think about a preferred equity structure and distributions instead of cash on cash returns.  6-8% preferred returns are pretty common for most project types that use private equity structures to capitalizeA very fair structure if you learn to message it well and have quality marketing systems is:Preferred return to A/B (cash, property) shareholders where they're pari passuMatch to C/D (compensatory, promoter) shareholdersSome split that will probably range from 50/50 to 70/30 (investor/sponsor)Dial to fetch what the market says you need to attract private capital for your investment type and perceived risk that spans horse risk and jockey risk.  

I attempted to make offers, only to allow fear to set in.I bought Carlton Sheets program twice within a span of five years, thinking the second time will be a charm.

I think starting off he can get way more value here in a much shorter time span.1.

Investors who own more than one property and span multiple states will often implement this strategy in conjunction with a Series LLC formed in a favorable state - an added benefit is that everything can be (if you choose) housed under a single EIN making tax time a bit more streamlined.If you plan on doing it yourself, the general rule of thumb is create the LLC in the state of the property.

And guess what happens in 60-80 years, countless homes WAY beyond there life-span so the properties themselves aged out and removed from inventory.