They actually have contracts with corporate clients and so your pool of prospective renters are higher.

All of my friends worked with me (or for me) at one point or another and from appraiser, to mortgage bros to RE brokers, we had some crew in those sunny South Florida days.. 

You could rent but then you slim down your buyer pool.

We have the rare guest that breaks into the pool equipment room and tampers with the pool heater to raise the temperature.

The result is that Sbux is paying $60 - $70 dollars in rent, but the market rent in the area is only $30 to $40 so an investor who, say, trades out of a small MF property into a Starbucks thinking they're getting a great "hands off" investment could find themselves owning a building that's worth half what it was when they bought it (or less, depending on what the tenant pool is to back fill it).

Consider the tenant pool (neighborhood class), property damage, and think about future capex and repairs.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Currently sitting in a Kapaa Condo looking at the pool and beach, trying to figure out how this all works around here. 

I have properties with swimming pool and playground so I am well aware of the risk management side but a winter item like this is a new for me! 

They’re like pools.