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Updated over 1 year ago,
10 acres on Columbia River Gorge - STR / glamping; starting out
I recently purchased a ~10 acre property in Skamania county Washington overlooking the Columbia River and am evaluating how to approach STR/glamping. It is zoned residential but has an agricultural designation on most of the property. I am new to STR and REI as a whole. The property will serve as both a primary residence (1906 farmhouse) and investment. To begin, what is the best way to analyze profitably and how best to approach this project? We are in the process of clarifying zoning restrictions with the county but for now it seems that tents/camping areas are allowed but more permanent structures restricted (we meet with the county this week). Assumed first steps include airdna in the region, assessing occupancy of local airbnbs, and determining costs (construction, permitting, etc). General advice is appreciated, along with approaches to analyzing profitability and of course if anyone is familiar with the area or similar projects, your insight is very welcome. Thanks in advance!