Great alternative to states that are cracking down on assignments  or having to try to  juggle double closes and all the marketing expenses that those that never close on props have to do.. this was simply listed on MLS and sold. 7th transaction that JLH has provided this client since Feb. 

If comparing prices, do research and think bigger picture.

so much private land has been logged and replanted since then.. in those days we would buy a 40 lets say for 150k  take 200k of timber off of it then sell the land on contract for same price then hypothicate the note to pull out more cash rinse repeat.. we also would use our logging roads and staging areas stratigically so when we left the roads were in the right place to do a 4 way lot split and the landings/stagging areas became the building pads.. in the NW permits for logging are not tough.. in those days it was over the counter and there was nothing you needed to do with regard to excavation.. however if I just bought the land and wanted to put in roads and pads then I would have had to get a grading permit and all the survey and engineering that went with it.. its was really something how we did that.. and I miss it to this day.. the other item that made it so profitable was Japan was paying premium for Export quality doug fir logs.. you could get double or more for export logs.

They sent the pictures and it looked good but with debris all around but I feel I should've demanded a video walk through before I agreed with a draw.  

Attached is the picture of the junk cars and trash he kept all over the property

I'm new to STR's and was wondering, from a big picture view : How do you run the numbers on a potential STR? 

Canadian tax laws double tax on LLCs.

Whatever you think the budget will be necessary for a rehab, double it.

The picture has been painted very clearly, and I will shift my focus north to Brevard County.What cap rates are you seeing in Brevard County? 

If you're looking at this from a distance, connecting with a local property manager could give you a clearer picture of what to expect in terms of tenant demand and property management challenges.Let me know if you need any more info or want to chat further about this.I hope that helps