The tourism base is ever more demanding a kind of all-inclusive, all the amenities experience. 

The $1600 is inclusive of furniture and utilities.

Ask if the fee is all inclusive (includes travel, site inspection, audit defense, follow-up studies for improvements, Form 3115 preparation and filing, and any/all other costs to complete and deliver the studies).

"And this is why the analytics and data are going to be so imperative way beyond just the inclusion."

U should have the seller sell to you on a All inclusive Deed of Trust or something similar

Here there's no (single) class that covers this material I need all inclusive- such as what Phil presents he has.

Your maintenance/cap ex is too low because your table is far from inclusive.  

.$1550 (rent) - $38 (2.5% vacancy based on local vacancy rate) - 1950 (piti + HOA) - $200 (maintenance/cap ex) - $155 (pm all inclusive - even if self managing allocate for cost as your time has value) = negative $793This negative cash flow projection has to be combined with the various HOA issues.I have posted numerous times that building wealth is about total return and the best cash flow over long holds is in markets with highest rent growth.  

He discusses an allocation of about $200/month sustaining maintenance/cap ex and I believe he self manages based on his role with the maintenance.   15% would not be good considering PM alone in his market would be charging at least 10% all inclusive (placing tenant, tenant renewals, inspections, managing maintenance, dealing with tenants including collecting payments and dealing with late and delinquent payments, etc.)I also believe he maybe including the appreciation.  

That said, the cash flow potential can be strong if it’s managed right and near a steady university presence.I’ve seen a few investors make it work well by focusing on strong lease structuring (individual room leases, for example), all-inclusive utilities, and building solid relationships with university housing offices.I’m involved in lending, and I’ve come across some creative setups in this space that were really eye-opening.