First Buy at 22 - Island Vacation Home

[Tom Conant]

Hey BP, Here is my scenario. I think that I can purchase and build property, fully managed at almost 10% CoC return with 50% downside risk. I want to own the property in 30 years and can ride out a mortgage for that long. The summer rentals would pay for all of this cash flow. I also think that where this house is located is becoming much more attractive to tourists. Any input would be great! Thank you, Tom