For sure it is a huge safetly net if you can get it, but strictly applied, seems many of us would be out of business.

@Jeremy H.there is no need to self manage for the passive investor looking for a fixed NNN return in the 15%+ range.Smart business owners and retirees looking to diversify their investment portfolio are not looking to run a hospitality business. 

I will eventually look to distance myself from this part of the business and hire a PM.

Like Jake Baker suggested, keep good records and have a dedicated bank account for your property, properly separating personal and business expenses.

I am not trying to grow a big business.

If you ever go down let me know and I can have our plantation foreman walk you thru the business end.  

I am in the business to make money .Plain and simple . 

Just spoke with a business dev rep from BAM today, good conversation, said theyre not worried about rates right now and have plans in place to account for them. 

I am a beginner in this and I would like what basics questions should I check before getting into this business.

Their business model is interesting and has a couple different exits strategies when getting a property under contract.