With these, campers would be expected to bring their own composting/camp toilets and basically pack out what they pack in similar to dispersed National Park camping. 

@Scott ChampionRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

@Stephen Hood your idea is solid and shows good potential, but here are a few things to consider:Private Lender Terms: Ensure the lender agrees to the 1% origination fee and $2K monthly payments—some may require a higher interest rate or balloon payment at the end.Timeline for Sale: Factor in potential delays with selling your current property or completing renovations on the new one, as these could impact your refinance timeline.Refinance Feasibility: Confirm with lenders that refinancing at $500K is realistic, especially after recent rate increases and appraisal expectations.Exit Plan: Have a backup plan in case the market shifts or repairs take longer than expected, such as extending the private loan or bridging with a HELOC.If you can lock in favorable private loan terms and stay realistic about costs and timelines, this could work well.

Expected Nightly Rate: What’s the best way to estimate this without over- or underestimating? 

This does not include the actual cash flow, refi funds, acquisition fees, etc. i agree I was not expecting 12 pages of congrats either, more just to document the steps I took as many people have asked “how” I was able to do so.Originally posted by @Timothy M.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

In that case expect to give up around 90% of the ownership interets as well

When I do it for me and my clients, we go very conservative to give better expectations of the transition process, than if it goes better, great!

It could be real and if so, you acted on it when you knew about it so I don't know how anything else could be expected, but liability is a different story.

The hold time is 1-4 years but expected to be done in 3 yrs.