I cannot believe I missed them for so long! 

Also look back on their application and see if you missed any 'red flags" so this can be a valuable learning experience for you.

Flipping a brand new home likely wouldn’t bring much profit - especially after having to close twice when you first buy it, and later sell it.Maybe you have millions to spend and I’m just missing the big picture… but when I think of “income” I’m usually thinking “net income” after you factor in expenses, like purchase price or building costs?  

.--- Owners don't understand the percentage of maintenance appointments tenants miss!

Missed opportunities.

During the peak season you have to make your money when the slow season is so much less.I do have events where the prices are expected to be high due to supply and demand.I do see some of the dynamic pricing days as being rediculous and your going to miss out on the early bookers looking for a fair price.

If you focus too much on how much the GP gets you might miss out on the best deals. 

It was a big risk and I nearly missed.  

Am I missing something here?

If you think one way and are wrong, then you may miss out on a good opportunity because you didn't understand.