Don't go off a price per square foot as a lot of these jobs has to do with complexity and materials more than it does with the size. 

We are financial sponsors of the project and visit it every time we are in the area.Flying around it in a helicopter by itself would give good perspective of the size but when I flew around it there was a large crane and dump truck on the arm. 

Or you may have an angle if they are in violation of some portion of the lease or law in your state to move to terminate...

I assume you could easily get $200-$300/night for a house that size and more if you have a well themed and tons of amenities.

Its added benefit is the record keeping portion is always at my fingertips. 

Do you mind me asking how much it cost and what portion of the cost was labor/material?

The buyer is responsible for all taxes, insurance, maintenance costs, etc (you would be named the beneficiary of the insurance - fire ins, to be clear).Yes, you should get a good size downpayment. 

For buy and holds, you are entitled to depreciate the full cost of the property (less the portion allocable to land), and not just the down payment (i.e. if you buy property for $1 million but only pay $200,000 the full $1 million is depreciable- as long as none of that is allocated to land). 

Thanks for the replies, I thought that might be the case.I wonder though, at what size would an investor be enough of a PMC's revenue to be able to make some demands of them that they normally wouldn't entertain? 

I LOVE seeing my prospects face to face and sizing them up, I'd hate to have no idea who's living in my property.