I was given land near the Catskills, Upstate NY - Thoughts?

[Alexander George]

Hey BP!

I am grateful to say I am being gifted some land upstate in the Liberty, NY area. It is just a few acres with an older cabin on it which needs to be rebuilt. No one in the family has visited in years and it has become quite overgrown. My brother visited over the weekend and found the house. The property is actually off a dirt road. The house needs a lot of work, as it seems like someone opened a window a long time ago, and I don't doubt that local residents of the forest have found a home in there (not to mention potential water damage... gahh!)

Anyway, I have been looking around the area and there have been a number of AirBnB's popping up. I also found an article noting some of the newer activities to enjoy near the area, such as a new casino, breweries, hiking and camping, and more with only about a 2 hour drive from NYC. 

I don't know much about the property outside of this and wanted to get your thoughts. Obviously I am thinking of getting the property surveyed and thinking of building it back up to a potential getaway/airbnb. What do yall think?

Thanks. -Alexander

[Brian Rosher]

Does the cabin have a foundation or is it more rustic than that?  Electric and running water?  I would get a building inspector or some contractor opinions on stabilizing and sprucing up the cabin.   I think you are on the right track with Airbnb out there, but management may be a challenge from a distance.  Other option is to market land for sale.