The firm tried to give investors hope they might recover something in restructuring an investment, but the timeframe was years out and it would be a tiny recovery.

So if I am looking at an asset as a 10 year play - I look more at the location, schools and how has this market performed in the past excluding covid and 2008 which were extenuating circumstances.Reality is right now shorter term plays do not work based on numbers and cost of financing - we went through this same thing in 2001-2004ish timeframe where properties would appreciate 2-3% per year and after buying costs and closing costs - you were not making money on assets unless you performed the labor or found a really good deal.this is how real estate "typically" is - which is why everyone always says location location location - because after a decent holding period, you will win.

The customer signs our contract , we get 1 /3 down .Now people tend to thing thats for materials , thats partially right , First it secures you a time frame , if you cancel we keep the deposit as liquidated damages .

Addressing Investor Concerns:I absolutely recognize that investors need returns within a reasonable timeframe.

Matt,There is always another timeframe to alkalize or another area to look at.  

I just hope this doesn’t get extended past the January time frame. 

For that time frame it would not make sense to turn it into a STR as there won't be enough time to establish a history to attract good vacationers.

Start with these three key points:Current SituationAssess your current or expected capital and credit within a realistic timeframe.

Nobody moves during this timeframe.

It is coming to market in our off season, should we wait closer to our peak season to release it so that we have the best chance for the most bookings in a short time frame?