You might get it for $400,000 if you have that much cash, but it likely won't go for $50 or $100.You can read some of your state laws here:https://dor.sd.gov/government/county-treasurers/Don't ever waste your money on a nationwide trainer or a travelling road show in a hotel ballroom. 

Its a gamble to go the permit route or not in Philly and absolutely matters the neighborhood/your neighbors as they are usually the folks that will call L&I on you OR if your property is near other construction sites where inspectors would be traveling to/from. 

I'm not looking to scale tremendously, just looking to have enough passive income once the rental properties are paid off that my fiance and I can leave our jobs in the automotive business and find something less stressful and more fulfilling, live a little slower, and travel more.

Our management company currently collects a traditional deposit from all tenants, including traveling healthcare professionals.

I am confident in handling the construction as I have experienceWhat really matters to me is that are there margins in this market to make money from scratch up?

I often wonder if the remote location (20 minutes up the mountain) is a turnoff and travelers are starting to prefer motel-like accommodations that are close to the main highways.

Every day my team and I are making massive progress in REI and I already have the freedom to travel back and forth anytime I want.  

So, investing on the side is the way to go - it certainly was for me and it took me 8 years before I was confident that I can quit my corporate job.

We plan to 100% travel to the area that we are going to be purchasing before making a purchase to meet people, network, and hopefully build a solid team. 

My feeling of using Pref Equity is that you'd better know what you're doing and confident that you can deliver.