They also are politically connected with unlimited deep pockets, they will try to stand in your way to claim these funds.

You dig a dry well do you know how deep you can dig into the water?

The best cities I've done it in are actually the more expensive one's because there's more willing of a seller to let me buy deep(as they're likely owning the house mortgage free) and every fix I do makes more than a 1x on it simply cause of the neighborhood.

Thank you so much for the deep insights.I just completed my third trip checking out properties in Charleston and your comment definitely helped me out with house hunting.First of all, your comments in tandem to conversation within my network made me re-think of what exactly is my goal with real estate in Charleston?

I agree, it's hard to compete against the deep-pocketed all inclusives so they might as well not try.

We pad our cleaning costs a bit to the guests to pay for future deeps cleans and for incidentals.

Get a deep understanding of what the income and expense for the properties are and try to identify future capital expenditures that might need to be reserved for.

I did a deep analysis on over 100 rental property opportunities.

In my mind sponsors of these deals need to have some deep experience were as the last 3 to 5 years rising tides raised all boats.. like you said what happens in a hiccup.

My recommendation would be to do a deep dive into your deal analysis and see if the numbers truly make sense.