That will quickly eat a decade of cash flow or more.Most of what I have bought in recent years barely breakes even, but they are in great condition and very good locations.

Which isn't necessarily a bad thing and should pay for itself, but you are ripping your guests off if 8 people feel crammed and there isn't enough plates and room at the table for them all to eat together. 

Having a bathroom & sleeping/eating while flipping is pure gold lol.

We are not hurting financially if we hold on and eat some losses, (it's great for tax season) so we aren't looking to drop prices any further. 

To be ho eat, I’m quite convinced the issue is real and none of your plumbers have found it.

Imagine you have a fish in the ocean that doesn't eat.

Some things to consider are: if minor maintenance is included, if they file the occupancy tax on the owners behalf, if they hire the cleaning service and if they "eat" the credit card fees or pass them onto the owner.

If you didn't diversify, when the market has a prolonged downturn, you will eat up your principle using that money to live and then not have enough to generate the returns you need when it picks back up. 3.

Secondly, who cares what the ownership splits are if the gain can't be realized because the values are propped up/can't meet projections, the sponsor cannot execute on the business plan or the fee structure severely eats into the distributable cash when the realization event actually occurs.

The disadvantages of it are that the risks you're taking (and that I outlined in my original post) and the fact that it's gonna take more time until you can earn some rental income.I don't know about you but, if I can, I like to have my cake and eat it too.