We wouldn't be looking to start this project until the spring so I'm giving myself a lot of lead since I am a newbie. 

No matter what you do I think you are going to have guests point out that something isn’t working which could lead to annoyance or requests for refunds or bad reviews.Plus, providing bottled water over the long term probably isn’t going to save you much money compared to paying a plumber to get the fridge connected. 

Significant and sustained population growth leads to demand exceeding current supply, causing prices to rise until there's a rough balance between sellers and buyers.

I never make a loan, no matter the equity position, that the past actions of the borrowers lead me to wonder if they will be likely to pay me back. 

A huge number of properties we have looked at would have issues on this front.It can lead to an opportunity to improve the value of a property if you can buy it with an illegal area, get that area legalised and then sell on with a higher value that the bank would lend against, but it's not clear cut and it seems though that there are almost two levels of 'legalisation' - we were able to register all of the annex on the plans and could fully incorporate a portion of it but there is another portion that is too close to the back boundary wall that should only be used for things like storage and not ever for habitation. 2) During the purchase process be careful, amongst other issues with this property we had the situation where the seller's lawyer was not actually a lawyer (having been struck off).

You can learn to do this independently or get a rockstar REALTOR to lead the way.

This will lead to many of the professionals in the same industries who already are not doing that well to fall out of competition and hence be "replaced'.

What you have described sounds like a real estate  race to the bottom and you will be in the lead .

There are others, also, who are now leading happy, productive lives.

Making a well-rounded decision can lead to long-term success in real estate investment.