The cash flow of $304/month is reasonable, but make sure to include a buffer for unexpected maintenance or repairs, even with a full gut rehab.

There's a reason that people try to buy properties off-market and that is because you can find sellers who care more about terms than maximizing returns.So start with a conversation: you already presumably have some rapport since it's your landlord and you've spoken before.

There is a reason why I buy properties that cost a multiple of what typical cheap rental properties are going for.

No thanks.I look at real estate as a lifetime investment, and hopefully future income for my kids and their kids.If you bought a cabin last year and already want to sell, you probably didn't go in with a reasonable expectation of the investment.  

The reason people hesitate to pursue ground-up construction here is because it's costly, unless you're building a two-family home where you can live in one unit and rent out the other.

Is there a reason you’re selling that’s non-negotiable?

We all have a common reason for being in the room or on the online call. 

I love being on the other side charging everything possible on a credit card but there’s no reason to accept them.

Capping the nightly rates to reasonable amounts with the pricing software allows us to balance both of these needs. 

There are many reasons but near the top of the list is their cost versus the value add.