I think that your idea has merit. 

Both deserve merit. 

I've not read any of his scribbles and had only known of him as a talking head on the Guru circuit - primarily after he was in the news over financial difficulties he was having at the time.Anything that motivates folks to put down the cheetos, get off the couch and do something to better their future has some merit.

I think it is a case where there is no right or wrong answer across the board and each deal has to be viewed by its merits, returns, and how much is being lent compared to your own investment both time and money in the project.

Short of it is, if you take your 1 year as a short term situation and evaluate the property based more on long term occupancy (which will be a real money paying tenant) then you can make a more informed decision on the merits of the property.  

:>)I've talked to enough people to understand what the Oracle of Omaha said has a lot of merits.

If someone has to trap you into a long term deal that is almost impossible to get out of then what does that say about the merits of a product?

I'm also interested in the lake merit adams point area.

Not looking to debate the merits of investing in one market versus the other or cash flow versus appreciation...just looking to understand better what causes the ratio to be lower in those markets.  

People play all kinds of games- look at the merits of an offer.