Need Advice

[Aaron Markle]

Hey BPers... I would like to put some questions out there as I am in need of a little advice. I am a new investor living in SoCal but have owned 140 acres in southwest MI and don't know what I should do with it as I would love to use the proceeds from this property to re-invest in other places.  I would love to hear your opinions.  The situation is this- I acquired this parcel from my late father, tried one business (veg farm), which I closed three years ago, and the place has sat vacant since.  The property is located 13 miles east of Lake Michigan,  2.5 hours from Chicago IL.,  1 hour from Grand Rapids MI and 30 minutes from Kalamazoo MI. It's 140 acres of mostly wooded rolling hills, two ponds (one spring fed), miles of trails, 1 Cabin  (1016 sqft, 2 Floors, 1 master bedroom loft, 1 bath), 1 Large 2 bay garage with carport, 450 sqft loft space with 1 bath and 3 queen size beds, in ground 20'x40' pool, 6 person hot tub and lake easement. I recently had the place comped by some realtors and they came back to me at my original purchase price or slightly lower. The purchasing market in the area isn't the best nor is the rental market.  I could use it as a short term rental but would need to get someone to run the place, which can obviously prove difficult from 2k miles away .  So do I sell low, rent, leverage against, try to use it as some sort of tax advantage???

[Charles Kao]

Aaron Markle Bernee Brawn I was going to say Bernee's idea. If you want to keep it I think that and market to churches and local businesses through chamber of commerce as a getaway. I used AirBnB and basically had my cleaning lady manage the place for me and kept a lockbox. If I continued to do it Ive been told the electronic lockboxes from iPhone work actually. If you want to manage it passively I think thats your best bet or sell, but if you don't mind putting in alot of sweat to make it into more it sounds like it could be alot of opportunity. Based on your description of area why do you think that it is not the greatest area?