Rick: if you are at a place in your life where you can make this work you have an opportunity for great financing no money down and the numbers look doable.

You may not always want to manage this building and therefore may need to get management at some point in your life.

The company gets a per diem for each tenant and must profit food, shelter, clothing, transportation and other essentials of life out of the stipend.

It will never make you rich in life.

My priority is finding a temporary place to life and the REI side, and I have a construction crew in place I manage and market.

Due to work, life, etc. he ended up renting it out in 2005, 06...when the markets crashed he saw a bunch of people essentially giving away their timeshares at the same location, so he bought them at rock bottom prices.He can sell his "premium" weeks for $4000-5000 each, with annual fees and taxes ranging in the $900-1200 range.

Hi Michael,In "real life" (opposed to my secret investor identity) I am a web developer and run Ally Web Solutions, LLC, on a daily basis.

I think it comes down to what you really want to do in life.

After interning at a local CPA firm and talking with numerous Big Four professionals, I came to realize that although I did well in accounting and took full advantage of accounting clubs and associations, real estate was my true passion.

Also, I have rented numerous VRBO properties around the world.