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Updated about 6 years ago,
short term rental opportunity , but the cottage is on a lease tha
I am fairly new to Real Estate. I have a couple of rental properties and am trying to get more. My other properties are long term rentals. The one I'm looking into now is a short term rental that is a cottage inside the gates of a local attraction and is already an established vacation rental. I believe the price for it is a fair price, but I just learned it is on leased land . The lease expires in 10 years. The realtor said I may be able to purchase the land the cottage is on at that point. So just looking for some advice on what questions to ask and is this just not the right deal to go after?