You don't seem to be absorbing peoples' concerns about the difficulties inherent here, experienced people telling you your budget is far too low, and so your confidence seems misplaced to say the least. 

I will stay humble and will absorb much as i can!

Your hold is at the edge of the length of hold to be able to absorb transaction costs and still produce a good return.  

A $89 / night rate is not cheap after a $150 cleaning fee is attached.The cleaning fee still had to be paid or absorbed.

I've been actively learning and absorbing as much as I can but now I want to get to work and start investing. 

You sometimes go into the blind off of visual inspection alone because it's a good enough deal to absorb those types of costs. 

It's a lesson you'll need to absorb in your journey to becoming a more astute investor.

I'm curious to know what strategies other agents have used to retain and fully absorb the material from similar courses.

If you've never set one up, don't know the competition, or don't have the capital to absorb the vacancy it will be a tough strategy. 

Theyre pushing the envelope to the max and arent able to absorb a run of bad luck, such as a few months of vacancy.