Problem is the equipment wears down over the years and starts looking old and the owners do not allocate for the cool factor reimaging and putting new equipment in to boost sales up. 

I’d consider moving especially If you have job prospects in the new community, and I’d certainly recommend researching it well before considering moving there in terms of life style, outdoor activities, night life, schools if you have or may have children, travel accessibility (highways, airports) sports teams if this is important to you, etc.

most lenders  will  utilize the  schd E rental income average  method  for  including rental  income for  qualifying ...if the  proeprty is  recenlty  purchase the  vacancy factor  approach is used 

It will be a factor if other aspects are not adhered to but if it is the only one not very likely.

Perhaps it's fair, just because the money-partner made the deal happen in the first place, or there's some other factor that I'm missing.  

I just really want a guests stay to be easy while suiting their lifestyle without giving them an opportunity to try everything kitchen gadget in Target.

Another factor is what the average sale price vs. list price is for the area.

Still not deal breakers, just factor into the cost.

@John CarboneOne factor in my business specifically gas prices have a large impact on is construction overhead.

The complicating factor is that I already own the land where the new property would be built, which would exclude any improvements from 1031 exchanges.