Eco-tourism (outfitter tents) for off-grid wildland camping, bird watching, mtn biking, hunting and dark-sky stargazing will bring incremental revenue.

With $1mil could probably generate $4-5K net per month comfortably with property management or minimal work self-managing. 

Back in Canada no real assets, we are current staying in a in-law set up paying very minimal rent.  

We redefined our search criteria, lowering the number of doors and started looking at more tertiary markets, with the thought of minimizing our debt and purchasing a couple of properties.

The last rate hike request got denied by the insurance commissioner and there will be a hearing sometime this summer I believe (I’m sure a rate hike will follow but not the one the insurance companies asked for) weather events certainly can impact but typically it is just a quick in and out hurricane and of course, hope for minimal damage to property.  

Implement sustainable practices, such as Leave No Trace principles, to minimize your ecological footprint and preserve the natural beauty of the area.By carefully considering these factors and doing thorough research, you can determine whether renting out camping areas on your land is a viable option and how to proceed effectively.

I do expect the 7.8%/year annualized gain to slow down due to long leases with my tenants with minimal gain in NOI every year moving forward.

They were understanding and only made minimal attempts to try and persuade me to stay.If you've been considering making this transition but thought it would be difficult, hopefully, this will be useful in your decision-making process.

We minimize/mitigate that risk by vetting the borrower and the contract language. 

You ideally want a paper loss to minimize taxes and potentially even take it further and apply the loss against other income you have as Bill mentioned in the comment.