But the concepts he presented, I understood when I was ten years old.  

Looks like I could get about a 5.5-6% COC return with maybe 1-2% of additional upside if the conditions are just right and then perhaps 10% IRR.Only issue here is that the return is a little low, money is tied up for a while (which I'm not that concerned about really), and starting in a negative equity position potentially of around 10% because of the frontloading of the deal.No headaches.

Lol, sorry my man it doesn't matter how many negative reviews you leave online.

I see a lot of negativity in some of the comments. 

Just remember: most negative reviews are written by problematic tenants.

My math gives me a negative cash flow.

While we should always look at the risks, whether you look at real estate or stocks, the overly risk-averse and pessimistic people (and I'm not suggesting you're one of them) who focus on the negatives don't invest and therefore don't make money.

@Leo Poon following as well - I've been thinking about this very concept with tiny houses and a gathering house, this concept will be fabulous and best of luck!

I guess the only negative is the dust.. and sand. 

you need to give them a 28 day notice, if they are month to month neither party needs to continue tenancy at the end of the lease, Concept: Month to Month Lease renews Each month, so at the end of the month the lease renews if  they pay, and you allow them to stay, if tenant doesnt pay or you dont want them to stay for any reason or no reason at all, they must vacate, or face eviction. personally I would hire a PM to get them out, it will be worth the money.