It's not just about safety.

I get the safety net for the buyer, but at the same time we cannot sit on that money for up to 3 years.

The cashflows is also really solid and gives you a margin of safety in case there are any repair issues in the future.

However, it's important to consider the liability and safety concerns that come with allowing guests to use a golf cart they don't own.

Also, furthermore, I have to concur with the point mode above that by the time it's finished, there should be some wash-out in the market during the build. 

If you ever need help running numbers and forecasting to see what a value add play would look like, I've built a financial model I help investors with all the time for free that looks out 30 years (example on my website).

Avoid risk, which means do inspection and safety audits.

Cost me 5k, the upgrades were not unreasonable, and the electrical work included safety improvements.

Anyone that is in emergency mode, won't contact you because they need help now. 

I am currently in the process of building my a new build in Cape Coral FL with them that had an all in cost of about $265, is a 4/3 model, rents estimated at $2300/mo and post construction appraisals are $377k on average for this model. I