Regardless, I knew it was probably a 50/50 shot and might not be worth a court battle but I wanted to see what the options were before we told my Dad the house fell through. 

Inventory fell by 43.7 percent year-over-year to 0.8 months of supply so most properties are under contract within a few hours.

After a few of the offers fell through and we went back on the market multiple times, we ended up accepting an all cash offer with no contingencies or repair requests!

That represents an increase of 10.3 percent;-Total dollar volume for full-year 2021 rose 28.2 percent to a record-setting $40 billion;-December single-family home sales declined 4.5 percent year-over-year with 9,272 units sold;-Total December property sales fell 1.9 percent to 11,432 units;-Total dollar volume for December rose 12.4 percent to $4.3 billion;-At $319,000, the single-family home median price rose 17.2 percent to an all-time high;-The single-family home average price climbed 13.5 percent to the second highest in history, $392,449;-Single-family homes months of inventory narrowed to a 1.4-months supply;-Townhome/condominium sales ended a strong year with a 21.5 percent year-over-year jump in volume, the average price up 13.8 percent to $258,139 and the median price up 20.9 percent to $220,000;-Leases of single-family homes rose 5.9 percent with average rent up 7.5 percent to $2,042;-Leases of townhomes/condominiums fell 23.0 percent with average rent up 5.5 percent to $1,731.

This all kind of fell into my lap the night before this post.

If they fell on the stairs it could cost you a lot more.

.- clears the road of snow leading up to your cabin- removes a 50 year old tree that fell in your driveway last night and the guests can't depart.- removes a snake from under the sofa- comes to remove the trash when it's piling up- helps guests find your cabin when it is 1am and they are completely lostYou are going to need to have the proverbial "boots on the ground" at your STR, unless you live nearby.  

City road ends at park entrance.Considering the land price, infrastructure setup cost each lot cost was coming around $7300 which was very attractive even though most of the houses on them were old and needed good repairs.All other lots except the 59 were in considerable good condition and our due diligence showed that whole park value is going down due to these 59 lots mismanagement for 40 years.As per owner rent collections were around $7200 per month and most of the tenants were very long term (average rent $400 per home) which he receives in cash so bank rolls available to validate.As per our estimate, each house needed 7k to 8k repair to make it livable.Negatives:These homes/lots were owned by same owner for 40 years and he neglected everything which includes tenant quality, infrastructure (such as overgrown trees, bad homes still in the park which should have been removed years back, 3ft- 4ft potholes on the road since its privately owned).Most of the tenants were convicted or had some big felony, these houses were famous for drugs cartels in whole city.After buying we realized things were way worse than what we assumed in due diligence:People staying there actually were involved in gang wars, prostitution, drugs etc.

Trees fell, fences blew down and every wood fencing company, landscaper and handyman have been working on  getting fences restored.

They say entrepreneurship is like a roller coaster, you go from the highest highs to the lowest lows, so you can guess what came next.Those 4 deals fell through because we couldn’t find a buyer.