Capex is for big ticket items like your roof, HVAC, hot water heater etc. 

I am trying to get my head round building classes I.e A,B and C. 

You should be able to generate more than you can with year round rents.

Here are the estimated costs on my first project: $50k in civil engineering/permitting/etc, $300k in site work (silt fencing, lot clearing, grading, retaining walls, storm water, driveways/aprons, a city spec road, a turn-round for the fire department, sewer taps, a 325' water main & hydrant..... and more.)

If so, that could be the ticket.

Both closings happened on the same day after four round trips to Salisbury. 

How much is year round rent vs seasonal rental income?

Love hearing that you got screwed and are ready for round 2!! 

if your at all interestedGoogle Ingrid Robinson   and American Greed   Remington financial she took down one of the biggest players in the advanced scheme world.. if you can watch the American greed episode its pretty interesting so see how they operate and get away with charging fees and never funding.

That comes to 1700 but rounding up to 2000 for anything unaccounted for.