I am having difficulty figuring out how to use the numbers here to see whether i cut my losses or proceed knowing some major capex work could be done after renovation, so hopefully no major expense in the near to medium term, and all the potential of the area in price growth and rental growth.  

Competent sponsor, no loan maturity for at least 5 years, not bridge debt with a wide spread, property generally stable, and capital call anticipates several years of liquidity—good outcome more likely than not.8.

I have no regrets.

If you buy a condotel, then management will be included, often you will have no say about who manages it.

Well, it doesn't because there's no way to post a return/refund.

I work in the entertainment industry, so I make decent money, but depending on economic issues work can go in and out, and there’s no real assurance of constant monthly income like there would be for other jobs.

They did it without a forum to ask questions, no podcasts to listen to, no formulas and calculators.

It looks like damage to me versus a faulty stove (no damage beyond the glass) and we would not be liable.

This is what I got from the seller.Remodeling: No remodeling has been done recently but is still in good condition and almost like new: a new 50-year metal roof; new central air and heat; new cabinets, sinks, etc., in the kitchen and baths; new flooring; a new driveway.  

If you start one, you are no longer a landlord but also have to work on all aspects of running a business!