Distance to shopping, churches, main avenues, hospitals, parks and recreational areas are all considerations.

There has been an uptick in outdoor recreation-based tourism there over the past few years (many of Colorado's 14ers are nearby), but the economy is still largely dependent on the Climax mine, which is dependent on the global demand for steel so it experiences large boom and bust cycles.

I started going to the CW REIA in November and would highly recommend going, lots of information and great people willing to help out and share knowledge.I haven't purchased any residential real estate yet but have some recreational and agricultural land.Hope to see you at the next REIA meeting!

You may also provide ATVs and other recreational items.Do your best to eliminate anything that could be perceived as “cheap” or tacky.

@Jordan RegierA garage is definitely a benefit for storage, recreation area, etc.  

I happen to think that there are more opportunities with larger recreational acreage than smaller infill lots.

Given that Lifestyles is an education and mentoring forum for like-minded RE investors, I had all the confidence in the world knowing that I was not recreating the wheel with each RE project. 

Delaware Water Gap National Recreation AreaFrancis E.

I also had issues with recreational drug use inside the units.   

Replacement Cost – While not nearly as popular as the Comparable Sales method, another way of determining the value of a property is by estimating what it would cost to re-create the same property in the same area.