The underlying debt and Opex will surely surpass revenue.  

However online I see that the tax increase is limited to 3.5% per year and will be put to a vote if taxes are to surpass that.

@Grant Rothenburger longest shutdown was 1995 and I believe we’ve just surpassed it in terms of length :(

I can't say it makes the most financial sense in all situations, especially when you surpass a certain number of units, but it's what I am comfortable with right now.  

Renting out a portion of the property as an Airbnb is much more lucrative than a long-term rental in my experience, and will likely cover your mortgage if not surpass it.

I'm wondering if I am being too near sighted and given enough time rent and house prices will surpass what they are today.

Or should you analyze it more like a traditional business to ensure the management fees cover overhead and a salary for you.It appears the sponsor would rely heavily on management fees (acquisition, loan, prop. mgmt, asset mgmt, etc.) to cover overhead until distributions to investors surpassed the preferred return and a final sale. 

Just be sure to take the time to look for a deal, possibly a forced-appreciation play.The chances for appreciation in Durham appear to far surpass possible appreciation in Kingsport. 

LOL David has been a real estate agent for quite awhile now, far surpassing what he was making as a cop.

Prices have surpassed the debacle of 08.