It's probably a good thing, but as you can see, the theme here is growth management -- can they keep growing successfully, or will they encounter sheering forces that cause a problem?

But the area has been doing short term for decades due to the theme parks.

Thank you, RTR, for providing excellent and valuable services from start to finish, making it easy for out-of-state investors to own income-producing rental properties.”I agree wholeheartedly with you, but running amuck is the new theme.

We were married recently, and when we add in our wedding gifts with what we have been saving on our own for years, we feel that we are finally ready to pull the trigger on our first property purchase.We actually live about 90 minutes south of the ski area that we are looking to invest in, but it is an area that I am very familiar with as I have been going there my whole life.

Remember to factor in the ancillary businesses that any particular theme of business needs, as much may not be directly tied to the base business (e.g., a cafe where patients can digest bad news - not a medical service provider or medical support provider, but ancillary nonetheless. 

I put $40K into restoring it and played up the theme that it was the old.

People rent it for weddings, family reunions, etc for maybe $150-200 per day per end.

It's a facts and circumstances based analysis and documentation is key.The general theme of this thread dealt with the former, not the latter. 

We started a local art gallery and held events like weddings and other entertainment.

Agreed, the "Syndication", "Private Equity Real Estate" or "DST" model are all variations of the same theme: - Pay money to sponsor who is supposed to be an expert investor.- Give them complete control over your money in the context of the deal or fund. - Wait and hope that they deliver returns.