But I see your argument against MFH and problems those entail.

I’ve had two bad cat piss turnovers which entailed removing doors and door frames, cutting out studs and ripping out gyp-crete.

Really there is not enough information provided to answer this question as profit also entails what you buy it and sell it for.

I would say it was a little more entailed than other cities such as Scottsdale and Sedona where I have gone through the process also. 

Do you know of any legal definitions for what entails a sophisticated investor?

My specific questions:- What does #1 "total room receipts" entail?

Opting to buy now secures the property promptly, enabling earlier rental income but entails higher monthly mortgage payments.

I am, however, disagreeing with your assertion that vacation rental property hurts surrounding home/condo owners.  

A good lawyer that works with investors can draw you up a simple one that can protect you. 4) I've know people to do it but it's not something to be done without a lawyer and without being extremely clear about what it actually entails on your part and the part of the seller. 5) Unfortunately, nothing simple about it as some might think, my suggestion is to always to CYB and always, always, always have an attorney...6) Define "enough" money.  

Or if you have an attorney handle closing perhaps you can assert a certain damage figure and require them to accept it at closing or you walk away.