While many investors want to purchase properties that offer BOTH cash flow and appreciation potential, those properties are priced so as to provide a total return less than either  cash flow or appreciation types of properties.  

We sold a house that we had a total roof replacement, within a few year the new owner had a leak of the flashing around the chimney. 

I'd love to give feedback, although I am not totally clear on the question.

The 2,500 would obviously not compare to tax deductions generated in the thousands.

Obviously we cannot force the borrower to sign so I said let’s foreclose because I think borrower is playing games.

If you're a realtor, your gross income is your total commissions.

Plus most of your wealth will come from appreciation and that home is obviously not appreciating. 

I would suggest looking into your local market first obviously you need to find out STR restrictions or permit needed.

With the lower LTVs offered by senior lenders these days, it may be tempting to look at preferred equity and it may make sense since technically it is cheaper than LP equity, but also keep in mind they have a higher liquidation preference (obviously) but will often want all the cashflow (or a majority of it) to come to them before the LP investors and will also want large reserves, so make sure you model out the cashflows and understand the end-to-end deal with the preferred equity investors.We have some institutional investors with whom we did a combination of a pref and JV deal and it worked quite well for everyone including them and the LP investors.

We once had a tenant who left their totaled and unregistered car at our property, and they would not move it.