The issue... people are buying them!

When you have the huge population increases we have in DFW it is going to be very difficult to not have some issues with keeping the supply in line with demand.Collin County is expected to double in population from 1-1-2017 and 1-1-2030.Since many of these projects are so large when they come online there will always be hicups.

I hope we avoid any issues like those!

At this point, any issues should be external. 

My expectation is they know they will run into the same issue with another buyer.

Statue of limitations and waiver issue so if the LL can collect it will limited to a set time.

Any time I've had a concern or an issue it's difficult to get help it seems a host has to jump through hoops.

Whether I purchase it cash or with conventional financing, the banks only want to lend/refinance up to a specific LTV (usually 70-75%) on the purchase price EVEN if I buy the property at a significant discount (e.g. 50% of its current market value).In the past I've always struggled with this same issue, and thus eventually I end up tying all my capital in properties and I'm unable to purchase more (even hard money lenders want you to put some skin in the game).

I've experienced some of the same issues with cash flow in SFH's which is why i went to the MFH market, but it is doable as i've seen people do it. 

The IRS has issued letters stating vacation property is not eligible for 1031 exchange.