I agree witth everything you said, learning is the most important component for just about anything, I will do some research about everything that you mentioned, and I love your attitude too, thank you!

Getting too hasty in the beginning of your investing career can be detrimental.

I read a lot and listen to podcasts and just about every success story has so component of networking involved in their success.

Obviously I think the cost of the investment/asset would go down but I'm curious as to what components of a specific deal are effected directly. 

This can allow moisture to get into the uncured paint film allowing certain components to come to the surface when the moisture evaporates, causing surface staining and possible adhesion problems.I don't know how experience you are with rehabs, but 6 weeks are only doable if you stick to paint and carpet and don't do any rough in electrical, plumbing and drywall work.

I think the two most important components you need is a contractor of your own (you'll pay double if you have to hire anyone to do improvements, etc.) and the other is having sound legal counsel.

And even with a potential guest calling in an looking for a recommendation from an employee of the management company on the phone, it isn't likely they'd steer a potential guest away from a particular cabin to the detriment of the cabin owner. 

Is there some value-add component that you see? 

The highest comp on the street was 250k and we were able to get a 350k sale through which made the other two projects feasible.

From the facts you have provided, it appears that your client has $22K in taxable boot.It is too late to salvage this situation, but there is still a tax pitfall ahead for your client in calculating the two components of the depreciation basis for the replacement property.