The stories like these inspires a newbie real estate investor like me to invest on a good property and wait for the time when it become fruitful.

And was your search in Beacon fruitful, and is a VRBO a decent possibility there?

I think the holding period would be about a year so the first year would hemorrhage cash flow (not included in the analysis above), but subsequent years would be fruitful.

@Mark Gallagher  Ryan is in France enjoying the fruits of his labor  :) @Ryan DosseyI think a HUGE part of this as well is area..

Having balance in your finances rather than 'all your eggs in one basket' would be the prudent thing to do.

It also allows you better money management since can you spread your cash over more deals and have eggs in more baskets.

There are just to many people doing things wrong to go after the non low hanging fruit. 2. by being an active on BP, the group has self selected to care about learning their craft and thus less likely to act in a manner that gets them sued. 

I find that happy section 8 tenants do their best so I like to send large gift baskets on major holidays, offer discounts during Christmas, etc etc.

Just would be putting all your eggs in one basket.

If that doesn't work you can graduate to other avenues allowing the seller to pick more fruit.