This will help to minimize legal liability and any concerns that could arise regarding employee theft (We plan to retroactively count the RV rooftops present at noon each recorded day (every 30 days), and compare it to the park management software/bank statements as a system of checks and balances.

As an LP in syndications your work is very minimal (review the deal up front, read quarterly update).  

This means your children would inherit the properties at their fair market value at the time of your passing, minimizing or eliminating capital gains taxes if they decide to sell.

I would like to get a fairly accurate figures for my modelThanks much Hi Marinta,For a 2 BR unit at Beach Villas @ Ko'olina, here are some expenses:Monthly AOAO Dues:  Approximately $2200/mo and it includes:  Cable TV, Internet Service, Other Common Expenses, Sewer, WaterElectricity:  Varies but I'd estimate $200-$300/mo.Property taxes:  Around $2k/moCleaning:  Around $200 per cleanMaintenance - minimal as units are very well maintained.  

I love the idea of house hacking, as for it is a way to build equity while minimizing expenses. 

In addition, minimal cosmetic upgrades, painting, new décor and new flooring will add more value relative to its cost.

I know many are hands-off, want to just let management handle it all, but it's a huge investment for our future and we know we've saved so much with minimal involvement.  

We originally planned for this to be a mid-term rental, but when my grandma wanted to move, we offered it to her instead for minimal cash flow.

We originally planned for this to be a mid-term rental, but when my grandma wanted to move, we offered it to her instead for minimal cash flow.

If your goal is to scale while minimizing your initial out-of-pocket expenses, consider searching for off-market value-add opportunities via investor lift, or local wholesalers.