Ooh, just met an operator there and they're doing really well. https://www.bearbranchcabins.com/Sounds like the A-Frame design is doing much better since that's a trending renter demand.

Some can execute on the lower tier assets and transition out but it is a far more difficult asset class to operate and exit than most realize and many fail.

If that's not the monthly income, you are arriving at your cap rate by using incorrect expense ratios/expense figures and/or the property benefits from an extremely favorable tax abatement which skews the operating costs.

Run an Opco/Propco model.If your business utilizes real estate as part of ongoing operations you can get all the tax benefits of active RE by having the building purchase and hold the RE.3.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

An FHA loan with 3.5% down could make house hacking feasible, especially if you find a property where rental income offsets much of the mortgage.For now, prioritize house hacking close to work to keep things simple.

My question would be becoming a qualified assisted living operator and the certifications / licensing per your state (For me Texas) to get your property up to code?

Could be tough for the area, but also might be a great opportunity too for some large manufacturing facilities to go in there or logistics operations with all that land and location.Good luck and best wishes.

Simple enough.

The simple answer is you may be asking too much for it.