Vacation Rental Evaluation

[Philip McTighe]

Hi all,

Thanks in advance for the advise and outlook. 

I have recently found a property in my state (Ocean City Maryland) for sale. It's a four plex for sale and I have been doing research on the plans of the town/vacation spot.

I am wondering from people with experience in vacation rentals how to evaluate the property. This would be my first vacation rental and especially a multi-family vacation rental. I am trying to figure out the best way to value this property. I want to be able to make a good offer based on the elevation.