Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.

A business partner approached me about it, and I negotiated the deal based on CAP rate.

My one suggestion: do not conduct business with anyone (here or anywhere) without having your lawyer and maybe even your CPA reviewing all the paperwork.Also, stay far away from LPs.

They have median household incomes of 52k and 55k respectively.

To determine the correct treatment, consider the RV's permanence, utility connections, and business use.This post does not create a CPA-Client relationship.

Dmitriy's company has been in business for 15 years and has helped thousands of people around the country in ever scenario.

My opinion is a lack of business organization.

The very fact that they are engaging in the business model of illegal brokerage is all you need to know.

Concessions, when used poorly are dangerous to your business.

Would love to connect and be a resource to you anyway that I can - I'm a realtor, and investor in the area and have some tips & tricks you can implement into your business and see if it helps!