If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

My family is close to the horse ranch that flooded out in Spring. 

It also added to retail sales and industrial production reports in suggesting that the economy was gathering speed after growth almost stalled in the first quarter.The housing market is being underpinned by a tightening labor market, which is starting to lift wages, a well as still very low mortgage costs.

If there isn't a tub will add value to the unit, but a second tub not so much.I know for a fact I can always build and tile a shower stall for a whole lot less than a tub/shower combo.

I do exactly what he does.I do both currently .. the lending type activity is my cash flow like those that hold rentals.and the developments are my big hits.along with new home construction.. we are weaning off of doing fix and flip.. as those can be a little more risky than the new construction. and by that I mean you don't really know what you have until you open the walls.with the new construction I can hit my numbers within 2 to 3% every time.. so easier to manage that way... plus a hell of a lot less competition.. every body and their mother and brother is chasing the same fix and flip.. not so in ground up.. takes another skill set and frankly a little more financial horse powerwe will do 40 plus homes a year and have been for a few years now.. with average profits in the 40 to 50k per home range these are selling for 350 to 750k.. bigger ones we can hit 100k per door and I have hit a few in the 150k per door range.. along with very favorable finaincing form my banks at 6 to 7% apr and only pay on drawn funds.. the return on equity or cash is easy 100% per 9 month build and sell cycle. the lending we do is niche and its really NOT lending ..

not to beat a dead horse, I understand you filled it out, but looking at the paperwork, is it definitely a V or can it be U? 

Each unit is 2BR/1BA, located in center of city (less than 2 miles from horse track, casino, bath houses, bathhouses, golf courses, national park, hiking/biking trails and 5 miles from lake) with good market for AirBnB but has a few scattered mobile homes around it. 

Our hosts owned a 150 acre horse farm.

Just a stalled market.

That's not necessarily healthy for the US economy, since housing and ancillary businesses (real estate, financing, movers, furniture sellers, etc) is such a big part of GDP, but a stalled or shrunken market is not the same thing as a freefalling market.