If I do find something, it is usually because it is priced according to condition, but once you value add and bring it up, you've now spent more cash. 

Are you cash flow positive on the rental at the moment with that rate? 

The only adjustments I made were adding a couple additional rows of data at the very bottom of each page to track what I paid in principal each month, and what my net cash flow after that was.

If you're looking for STRs on the beach, you'll have difficulty finding something that cash flows unless you can get optimal occupancy. 

Always have a cash reserve on hand, maybe twice what you think you'll need.  

The lost opportunity is worth a lot so lower your rents like every week or so.

Regardless of your FICO, you will need cash money to be able to invest in holdable real estate.  

Well worth every penny. 

I know that's likely easier said than done, but it may be worth it so that you don't regret any decisions in the long run. 

The plan here is to have a local (RV Certified) tiny home builder do the marketing to attract buyers that want to buy their tiny homes (cash or 25 year financing) and live in this park, until there are 44 pads occupied by tenant-owned tiny homes, paying $750/mo lot rent, on 1 year leases.