To prevent this, expense it and reimburse yourself showing a paper trail.

The unsuspecting buyer sees the trailing laundry income on the income statement and counts it when valuing the income stream, then after closing realizes that there is no laundry income anymore.

Not much goes on until Memorial Day when the tourists come back and the trails dry out for hiking, biking, etc.You can usually get a premium if you rent just for the ski season but just a couple hundred or so and then you run the risk of having it empty for a couple months in the spring.

Some of these names lead a trail to nowhere or are easy to find.

I wouldn’t ever take my rent in cash; I’d like a paper trail of each payment but again good food for thought.

Are the financials trailing 12 month actuals, pro formas, or something else?    

They all instead do a verbal thing which is heresay and doesn't give the judge a physical paper trail to back up your side of events.In most situations the judge is wanting the landlord to get proper notice and time for the landlord to fix the problem.

Bike trail next to house and no back neighbours (there is a business building behind).

Even if the numbers are true, I would evaluate the deal using industry standards to determine if I would invest or advise someone to invest in the deal.The Local Market Research for this region does not justify those assumptions...red flag 1Repairs/Mtx/CapEx Account would look closer to $1,594/mth ($19,119/yr) based on the NOI and Trailing CAP Rate noted in the post."

I'm intrigued because we've looked at investing on the Bourbon Trail.