The nice thing about the White Mountains is that area is busy with people vacationing almost all year long except for the "mud season" (April) which is when things quiet down. 

The ability to deal effectively with undesirable residents. 

Currently has gravel (or mud in some places) and cattle panels for dividers but they don't go all the way to the ground so people can literally just crawl under the panels if they want.

By putting the pad in place in the fall, we can build the building anytime of the year, even throughout the winter or during rainy/mud seasons.

Is there anything about the location that is undesirable?

If you bought in an undesirable area/neighborhood then this is a bigger problem.

There might be damage to a farmer's crop or fields, and dirt/sandy roads in some areas, but the residential property damage is usually limited to a few inches of water and mud in a few houses caused by flash flooding in random locations, or bad roofs during a heavy rain.

My late charges are designed to discourage undesirable behavior, not really as another income source.

We use cap rate to evaluate a property and to get a 10% cap you usually have to buy extremely distressed properties or buy in undesirable areas.

The pathway from the second house to the parking area is a big mud pit.