However, I'll never second guess what my well-connected and trustworthy contacts on the ground tell me, especially if it's very (negative).

.: This forum is a cesspool of misinformation and negativity when it comes to notes.

I'm part way through Craig Curelop's book, and starting to see what the market is like.It seems like a lot of the properties will have negative cash flow even after the first year when we move out.

The initial heartburn of lost reviews will likely be negated by more bookings (because guests don’t often like booking from large companies like Evolve) and hopefully better reviews with you as PM.

LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.

Turn key investments are at such a high negative cash flow that I don't think it'll be a viable option. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

That is awesome, but also why you have negative cash flow.I think you are using OPM in the wrong context here.

You are an extremely rare breed in being willing to discuss a sponsor in a negatively light publicly. 

Its better to buy assets that will appreciate ( historic ) and be break even or a little negative.