Even during "low" season, they're commanding premium prices, much stronger than relative properties for rent in US coastal towns/vacation destinations.

Are you sticking to traditional banks, exploring private lenders, partnerships, or maybe something creative like seller financing?

It might be worth exploring those options, especially if you’re just starting out.

I am looking forward to exploring these sites and getting my reps in analyzing them.

Ability to create/find opportunities (off market deals, finding that diamond in the rough, exploring avenues where the rest of the crowd may be a few steps behind, having network of professionals who trust you and want to deal with you -- i.e. probate attorneys, CPA's, REO listing agents, wholesalers, etc.).  4.) 

The local area has similar homes without the land but closer to town with rent over our mortgage so I’m hoping it’s possible.

A close friend of mine worked with a client who snagged a few acres just outside of town near the North Platte River.. it didn’t show up on the usual listings, but popped up through a local contact who’d been hinting at a seller looking to keep things quiet.You mentioned it’ll be a three-year timeline.. that’s actually not a bad window.

On the other hand, if you’re looking for flexibility or control, or you prioritize high resale value, it’s worth exploring alternatives like small multifamily properties or single-family homes in areas with broader market appeal.Coming here to see if anyone has suggestions or experience to share is a great first step!

Also, consider checking out smaller regional banks in nearby towns that might still service Burlington.

If you’re considering different markets or want to explore multifamily opportunities, I’d be happy to share insights and help you navigate the process.Feel free to reach out if you’d like to connect and discuss strategies, markets, or anything else related to multifamily investing.