I wasn’t looking to add value or find something off-market because the time and effort just didn’t seem worth it compared to focusing on my career.

(+1 sub)speaking of uncut gems. it's interesting that was the movie you were going to watch, given your situation. can't really compare RE to gsmbling, but the guy had heart and wouldn't give up for nothing. great job on persevering thru this storm! 

Firstly, it often generates higher rental income compared to long-term leases, particularly in desirable locations or during peak seasons.

As you begin your REI journey here is one tip I have for you:Use this website as you are trying to narrow down the places you want to invest in. https://www.areavibes.com/Its awesome because it gives you a "total livability score" & you can compare different zip codes & streets to others. 

The key is to compare each scenario side by side.

- You or the PMC can get 3 bids, but who is going to know how to accurately compare them and understand if something is missing - that will require more work+charges once the project has started (a standard tactic by many contractors!)?

There aren't too many other cabins like it in the area on Airbnb to compare it to.

I really like LLCs compared to corporations because of the free stepped up basis for passing property to my children. 

Based on comparable listings recently sold I think closer to $650k there would be more interest.  

Given that I recently created a Series LLC here in TX, and there still doesn't appear to be straightforward options in this regard, I figured I would bring it up again.