I love this model as an operator, but for what it’s worth, we’ve looked into purchasing campgrounds with this setup before and it gets very messy very quickly.

https://www.biggerpockets.com/blog/core-four-real-estate-team

Peeling paint, inside or outside, handrails on stairs over 2 steps, broken glass, working electric and plumbing and operational heat source. 

Additionally, I own an adjacent parcel with 5 acres of coffee and have obtained permits to operate an agricultural tourism business there, with entitlements to build two more dwellings.The estate is situated within a gated community, and while it’s a remarkable property with a lot of unique features, I’ve encountered some pushback from the neighbors, which has made me reconsider my position here.

Multi-Family may require more maintenance (Con) but that cost may be offset by installing a coin-operated laundry room (Pro)3.

Hello BP Community, Why is P&I / Debt service included in NOI and not factored into operation expenses when adding up GOI ? 

Did you create an LLC for the purposes of operations and management, i.e. book keeping, income/expenses, etc.?

So my plan is to form the LLC later and just take the risk of operating without an LLC and just have landlord insurance and umbrella insurance to start out.

Successful wholesale operators spend $10,000 per month and up on marketing /lead generation5.

You need to be a strong value add investor and a strong operator.