I used think think the exact same way, until I realized that my logic was a little flawed.One of the biggest mistakes I ever made in my marketing efforts was to confuse MY opinions as the opinions of the market in which I'm working.

In the past I did not see the logic in refinancing to dig the hole deeper via refinance closing costs (10K deeper) if I was not planning on staying in the house long term.

There is no logic in preparing for the end of the world.

Most of the time, that should end up with you owning better, more profitable property but I couldn't account for it in an easy spreadsheet.What other issues do you see with the spreadsheet or my logic?

I see the logic in that, but Brandon said in a podcast using brrrrr made it so we did not have to get as deep a discount as a flipper.

I have not verified, but that sounds logical.  

Hi Wayne-Sounds like you are wll on your way, Turnkey is an excellent avenue to building your wealth using RE - checkout this guide, this is not for waterfront, but the same logic applies : A Simple Guide for Buying Out of State TurnkeyMuch Luck! 

This is a great platform to build your brand and communicate your expertise, value and goals to a prime audience of investors, lenders, agents, wholesalers, contractors, etc.

So in a way they constitute collective knowledge and experience as well as best practice of a very broad audience including commercial users.

However, there is a logic to renting in gateway cities, when it is more expensive to own a property than to rent it.