I've already found this community and the podcasts to be extremely valuable. 

i hear this a lot, about Disney area, and gatlinburg too.

I haven't run any numbers on this, but I've seen similar setups and at some point you are really just ahead the month. 

DANGEROUS WHOLESALE WANNA BE - This person is himself a VICTUM of mis information, fraudulent marketing or outright scam.  

I can easily put 30-40% down.Whats your advice in this situation.

W-2, 1099, etc.) with passive income/loss from rentals is to meet the IRS requirements for Real Estate Professional Status or REPS (this also requires material participation in addition to specific requirements to be considered a REPS).Once you have clarity on whether or not you can offset non-passive income with rental losses you can then explore cost seg to accelerate depreciation (and some of the accelerated depreciation from cost seg will impact year 1)...

I know several investors that have done this and all they do is complain during tax season.

Are you thinking of starting your investment journey locally in Virginia, or exploring other markets?

What made you interested in investing in this type of deal?

This should give you enough time to find a buyer and get everything squared away.