@Andrew JaquezI think what you're missing is... there will be lots of other expenses, and there is a 0% chance you will cash flow that much.It sounds like you've been going there in person to look at properties - is that right?  

I'm going through an ADU build right now up on the Central Coast.

We are thinking that a Hipcamp would do very well because there aren't any good ones locally and we've already had success with short term rentals.The land is $125,000 and we don't have the financial ability to purchase it or do a down payment right now.

For example, the house is listed for $500k and it has $300k in mortgage left at 3%Could I offer $500k and "assume" the mortgage of the seller?

A quick browse through their website and reviewing their offerings clearly show they have the right systems in place and know what they’re doing.

I would have a roommate living with me for $1000 and we would split utilities for our unit.My concern is that with 70k liquid cash, I would get emergencies in the property that I may not be able to cover right away.

There's probably opportunity everywhere if you look for it and come across the right deal, but I don't hear investors beating down the door trying to get into Stephenville.Three things to look for to be in the path of progress:1. 

@Stetson Oates, Thanks, and you are right, market conditions would limit how much of the initial funds one would be able to withdraw.I should also add that, while I am not an accountant or tax professional, it appears that at no time in the strategy above would one trigger a taxable event, since you're not selling any stocks or property. 

The only thing I can do to help justify it is that now with income in the highest tax bracket, I am saving 37% on any depreciation I can get.Will someone either wake me up to my new found delusions or encourage me that I am still on the right track.

Oh right...partners....what asset classes?