Be as detailed and specific as possible when mentioning your future plans, current operation/experience level, ongoing projects, etc.

You get tax benefits for operating a business, and business assumes a profit motive.

You'll want to do your own due diligence as the economic environment is changing, but my experiences have been good with several of these highly experienced and  capable fund operators.

Let's say im wrong by 5% (which my model is typically within 2.5% accuracy), $199k exit.

Typical layout is 2 apartments with 3 beds each.

In our local market many areas have extremely limited options for rental properties and units priced appropriately are typically filled quickly.

I live in Miami now, but own/operate a STR in Stuart close to downtown.TBH, when I was looking in the area, there are some nice houses on Nettles island, but occupancy rates and ADR were not super convincing for the price point.

I know a lease-opiton is typically a good strategy, but I don't want to set her up for failure just to make a dollar. 

In last few years we have all spoken WAY too much about acquisition and far too little about operations, namely this cap-x factor, knowing the #'s.

Also typically you are not the only one with eyes on this property.  10 other investors will too, so probably will not go for the minimum bid, but something much higher.What is the recourse in NM?