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Updated over 5 years ago, 04/18/2019
Hand built cabin?????
I'm looking at purchasing a property that is in need of work. I'm able to purchase the property and believe the house itself will pay the bills and also have a couple hundred in cash flow.
It comes with a hand built cabin. Below is a picture of what is briefly looks like.
Has anyone had experience with such properties? I'm located in an area where its very touristy based on the outdoors. Property is located creeks, lakes, and just 1mile outside of good busy town. I'm having a hard time understanding if I could profit off Renting the house and Airbnb the cabin with a little work. Has no running water to the cabin, but I was just planning on running water lines to it underground and disconnecting the lines during the end of summer months( I live in cold climate). There is a loft above the cabin that's insulated.
Hoping to be able to get 100 a night for the cabin, since I'm in a good area, quite and have hillsides behind it for privacy. Problem I'm seeing though- you can rent condos in the area for 75 a night.... Lots of Airbnb's in the area, but this gives it a unique factor????? Anyone have experience with something like this?