I'm getting the idea that your plan is to run this as a resort, if so, the additional adminisration, cleaning, marketing and issues will eat into that cash flow and this could end up as more of a job than an investment consideration.

I have little doubt that they are totally on the money about their state's rules, however each state will be a little different, sometimes with differences in regions within the state and every broker will handle things a little different.So eat up all this great info and use it help guide you, but don't assume it is absolute fact since your situation might be different.

Tenants will eat you alive if your attitude is feeling sorry for them and making exceptions.

Probably means it doesn't eat memory like CAD programs!

Funny thing is they also tend to eat from the dollar menu when they are buying, one always has coupons for meal discounts or a free burger with a meal.

I wouldn't put laminate down because if they have an animal, it will pee and ruin it or liquid will get spilled and bubble it.

And if for some reason there's no profits you'll be eating all of the expenses.

However, I will pay them before eating if need be.

it says in part;"No person shall apply or cause to be applied any lead-based paint, glaze or other substance to any toy, furniture, cooking, drinking, or eating utensil, or interior or exterior surface or fixture of any dwelling; and no person shall sell, expose for sale, deliver, give away or possess with intent to sell, deliver or give away any toy, furniture, cooking, drinking or eating utensil to which any lead-based paint, glaze or other substance has been applied." 

As per my research the more older the home , the more you might have to fix a big ticket item like a/c , heater etc. this would eat into your positive cash flow.