- This ties into the previous question a bit, but we have around $70k that we could be comfortable deploying into this if we find the right deal. 

However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.

Off market deals usually have nonrefundable deposits and a clunkier process that isn't as suited for out of state people until they have good contacts in the area to evaluate the property (mostly contractors that feel comfortable evaluating projects for you).

Depending on comfort and cash, it might be a viable option as you can build equity and then sell without having capital gains, assuming it's your primary residence and you've lived there for 2 years.

You have to walk home, and feel comfortable.

It's very unique and I think would be attractive to guests looking for a comfortable get away in the mountains. 

Whether that's mobile home parks or any other kind of commercially valuated endeavor is a matter of personal comfort and preference.

Just make sure the monthly costs—like the mortgage, taxes, and maintenance—fit comfortably into your budget.

@Desiree BoardWhen deciding between investing locally or out of state, and whether to self-manage or hire a property manager, consider your goals, comfort level, and resources.

There's a few other exceptions such as a tax lawyer, but I find that a lot of folks find comfort in just having me respond to any notices that they might get.