I haven't tested this theory yet, but we are also looking for another property.

If your intent was to flip the property then you did not have the intent to hold it for investment purposes and it wouldn't have met the qualified use test or qualified for 1031 exchange treatment.

I'm reminded of an episode of Northern Exposure where they performed a test by burying someones arm in the ground for 24 hours and then seeing what was in his hand when they pulled it out.  

Please share them even if its something that you've considered but haven't yet tested. 

The area isn't one of those areas that people would want to vacation to and I personally am not able to handle something so management intensive. 

I think my main issue will be lack of prior new construction development experience but the pro forma is solid even when you stress test it for either low ADR and higher occupancy or vice versa. 

You also test your slab first to see if it is wicking moisture.

@Kyle Hipp, I'm especially curious if you're running your AC a lot in your test, as we have the same weather.Our dehumidifer is Energy Star, and we water plants with our dehumidifier water to try and save a little, but would welcome not having to use it!

There is an interesting 10 questions quiz that I thought of sharing with you.So, if you have a few minutes, I challenge you to test your financial fitness as a current or future parent at the link below.http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/financial-fitness-quiz/article24937089/

It's time intensive - so management fees should be high.3) Let me know if you're planning to hold on to the property.