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That means the property will get the most views and attention when it's new, and plenty of investors are just waiting in the wings to jump on a properties like this when they hit the market.Every single transaction I've been involved in lately is a multiple offer scenario.

In other words you can view this site without submitting ANY contact info.

Three years of Income & Expense Statements (or tax returns) would give you a good idea of value from a lenders point of view.  

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There is a big difference between a loss on your schedule e vs how the property is performing from a lender's point of view(due to depreciation).

I have friends in the cabin rental business and it's the same thing.Either you run it yourself and make great margins or to go mainly passive you have to hire someone to do all these things with the properties constantly being rented out and most of the cash flow goes bye,bye with increased operational costs.I view these the same as buying any business where you look at the books and it has an owner operator component to it.Example a Subway sandwich place making 100k profit a year gross.

I understand your point of view and will try to figure a plan to get some of my numbers down.  

Now let's look at it from the tenants point of view ... they are renting for $465/mo and can drastically reduce their expenses by buying even a much nicer place ... then why don't they do that?

I have completed a good bit of research via books from gurus which provide a 10,000 ft. view of the process but not necessarily a step by step. i.e. where do I find owners of MF to contact, if I find a motivated seller, what is the legal setup (syndication first, or LLC?)