Also, due to increased liability exposure property insurance premiums is adversely impacted causing fewer and fewer building owners to seek out ATM tenants.

Hey Paul,This is a great question, and it’s smart of you to dig deeper before trying something like this.

What is this strategy called?

Cabin rentals out there are not like houses for primary residences.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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 property in Class D area to Class A standards, what quality of tenant will you get?

Some people will do this with one building, then after a year go out and repeat the process with another property.

Looks like you have a ton of experience and will be a good asset to this group! 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Once again, this is NOT a $500 project.

In an accompanying video, I also pointed out that Utah had the highest population growth from new births (see the heatmap above, courtesy of Pew Research Center’s analysis of Census data).Metros along the Wasatch Front, such as Salt Lake City, UT; Provo, UT; and Ogden, UT continue to see strong job growth, low vacancy rates, and relatively high price appreciation.