It’ll be tough to find financing for a $49k property. 1 well is not an issue as long as it’s working and the holding tank has enough capacity. 

In other words, do you have the capacity to make it successful?

Similar Sq Ft and Sleeping Capacity to your prospective propertyFind this person.... and destroy them. 

A rental would have likely reduced my financial capacity to start my entrepreneurial ventures and reduced my current income. 

I can tell you why: because the Govt via the cities of the community/state you are in have made it clear that they have both the capacity (i.e. votes) and willingness (i.e. political ideology) to say that the free market doesn't apply and your rights and an owner will be limited in at least one major way.Any guesses how that's going to play out down the road? 

Matt says to include:1. track record - bio/team members/skills/experience2. financial capacity - how much you are bankable for and how much equity you can bring to the table3. number of units/size of deals4. locations you're interested in 5. property condition (A/B/C/D?)

UC Merced just expanded its campus to accommodate more programs and increase student capacity, and are continuing to expand. 

What are the most important metrics ie( sleeping capacity, amenities, location, bath rooms)Where do you find short team occupancy rates for your market?

Just a quick piece of advice, the daughter must have conservatorship over her father - signed by a judge (the person living with dementia maintains the right to make his or her own decisions as long as he or she has legal capacity. 

If the county is requiring to change the box (Breakers) Change it, again if it needs to be updated to code and bring electrical capacity to home.