See properties sitting on the market for a long time, every market is different, my market anything over 30 days is a long time.

Also, it's very important for you to network.

In CA (my market) the seller is required to make honest disclosure statement and you can collect for material non-disclosure.I suspect you already have learned that you need to check the status of all permits. 

However, I'm finding the available comps to be quite sparse, and the spread is larger than expected, making it challenging to pinpoint a likely value for these lots.I'd greatly appreciate any insights or local knowledge about this market.

I have strong financials and will be doing a >50% down payment for a Condo.

While not everyone's going to create an Airbnb out of a 6-ton potato, her story does seem to have lessons for new STR investors. 

ThanksI've been listening to his podcast for a while already, before I even realized who he was.

I'm a commercial mortgage broker and would love to connect and discuss some financing approaches and strategies for this acquisition.

Super interesting - thanks for sharing!

I’m not saying this is the right or wrong move for you.