Thanks Marcus,I wish I will live long enough to see the retirement age hahaI'm hoping to officially retire by age 40 and would sure need quite a lot of equity to live off from a refi standpoint just in case I live to see 60+ years hehe

You could even check out the listings they already manage to see the contact info matches who you are talking to. 

I don't think you can go wrong if you have the liquidity and the market is strong. don't forget that hotels are built in the middle of nowhere brand new and do fine. if you want me to look more closely at it send me a DM, this is ours right here that we proposed so you can see the style but it's 81 residential units, 45000 sq ft, 6000 sq ft of retail, no parking. on your assumptions, your occupancy rate looks high. pull some hospitality reports in the market and see what it is. your exit cap looks about right for what I've seen in hospitality.

I suppose you could put a camera on something like this and see the wheel spinning real-time.   

I'm looking online and see the words "you must register in advance..." 

See the third paragraph. 

I think we see the inverse of that in 2024-- supply hitting the market a lot higher than demand can fetch.

If you can't see the property in person, pay an experienced local investor $100 or so (someone unbiased, not your agent or turnkey company) to walk it and do a detailed video tour. 

I agree with Jack that assets are great to have, but I could also see the benefits of having that kind of capital to really invest in a solid STR down there.

Higher end relatives coming to visit would want to stay at a home.Did you check AirBnB to see the calendars of the homes in the area?