There are even a couple other killer benefits; carry forward 20 years and if you qualify, carry BACKWARD and recapture taxes paid for 5 years.

In my experience people who concentrate on the "write offs" have never been in business for themselves.I used to look at my $400 month phone bill, $700/month hotel, 50,000 miles a year on a car (killer of profit for people who think the "write off" is a good idea), and worry a lot more about reducing the expenses than about the tax write off.I'd rather have the income and pay the taxes.Again you're buying quarters for a dollar apiece, terrible purchase!

Yeah the taxes are a killer in Westchester... i def would be looking elsewhere.Good luck

I was trying to watch, but found a killer foreclosure deal.  

Not to mention that the small down payment for the FHA plus PMI etc would be a cash flow killer right off the bat. 

Is this a deal killer?

As stated previously by @Michael King, with all of these resorts with integrated property management, they're not going to be killer deals as can be achieved by running your own STR.

Vacancies are an absolute killer. 

            Actually yes, likely I will be in Honolulu in November, a good friend is a killer hooper and fire dancer that lives there and it looks like her troop will have a big show booked that I'd come out for.  

Negative cash flow is bad enough but lost equity on top is a killer.