If you're looking at this from a distance, connecting with a local property manager could give you a clearer picture of what to expect in terms of tenant demand and property management challenges.Let me know if you need any more info or want to chat further about this.I hope that helps

Feel free to shoot me a message to connect and discuss further.  

Additionally, before the GP stopped providing updates, they did imply that they were foregoing distributing available cash flow in favor of reinvesting into the property to make further updates that they felt would boost the average nightly rate they could get.The LP investment granted us shares in an LLC, which in turn owns the property. 

No further price negotiation would take place.  

I am open to any and all suggestions, tips, or experiences anyone would be willing to share!

However, if it's close or below, you may struggle with cash flow, especially when the interest-only period ends and payments increase.If you’re uncertain about rental income projections or want help analyzing the numbers further, I’d be happy to assist with more detailed calculations or financing advice.Best regards,Drago

If they say no, we ask why, and occasionally, we can sway them if there had been a misunderstanding—for example, a lingering maintenance issue that hasn’t been addressed and they didn’t bother to call about.We don’t have time for a deep dive on lease renewals, but it’s definitely worth picking up a copy of Jeffrey Taylor’s The Landlord’s Survival Guide, which has all sorts of tips on getting tenants to renew.

Before you get any further, if you haven’t, I would highly recommend writing out your investment goals, your reason for investing, your constraints, etc.

I'm in Charlotte, NC so it might be similar to your southern city, however, further research is recommended.

I would go one step further and personalize with your cabin name - makes it easier to book for a return trip.