It’s very strange here, a house on one side of the road will cost $60-$70k, and the same house one or two streets away is $150k.Also no, my plan would include hiring a property manager for around 10-15% of the rent (last I checked that was about the going rate)

It also opens you up to one of the major ways to lose in this business which is a forced sale down the road because the property doesn’t pay for itself.I’m not religious about cash flow but this is a lot of risk you’re taking here.

This also means that, down the road, you can take the asset out of the Trust and do a 1031 Exchange, but it still provides you with that layer of protection that an LLC would provide.  

Most folks from out of the area would tend to visit the parks in summer rather than winter when roads are closed and access is limited. 

I love it down here, I love driving through the winding roads.

As with many big problems, it's easy to keep kicking the can down the road, but we needed to get this done.

However the lack of a separate space will be an issue down the road.

Landlocked property has an easement over a 1/4-acre ell in the neighboring property that otherwise blocks the property from the road and is largely (desirably, for privacy/noise) covered in trees. 

You'll regret it.A tenant must be a law abiding citizen (no criminal background), willing (credit verification) and able (job income verification only w/ no commission or tip payments included) to pay rent and take care of a home (landlord references)   If they pass all these, then whether they are "nice" or not comes into play.  

Pike Road, AlabamaStandard price: $378,556Rate of Occupancy: 49%Average per-day rate: $200Average percentage of returns: 6.4%Average monthly income: $411515.