This is great news from a cashflow standpoint.

Check out this article.

@Matthew ForrestThat great news that you've been able to find success with your Torrance investment.

https://lasvegassun.com/news/2019/feb/02/stratosphere-rebranding-the-strat/

Nice website,My fav part is the " The good news is that your credit card rewards and other benefits often offset the fee.Hahaha that is good I didn't even think about that.Oh looks like "Appendix A" under  3.3 Restricted Activities has some terms you may need to check out.

When every online news outlet is saying it’s a great place to invest (last 4 years it’s been “the best investment” story) the boom is over.

Then you can record your expenses there and it makes it easy for you and your CPA.Regarding startup costs versus expenses, there are plenty of articles you can find on the subject with a google search.

Otherwise, go with the passive route.Here're a couple of articles to help you further: https://www.biggerpockets.com/member-blogs/10850/86621-six-steps-approach-to-getting-started-in-real-estatehttps://www.biggerpockets.com/member-blogs/10850/84064-what-type-of-investor-to-be-when-i-grow-up-active-or-passivFeel free to PM if you have more questions.Best!

Just gotta be the bearer of bad news I guess. 

I'd read the real estate section in the news paper, looking at the floor plans and what houses were for sale.