Utility bills can increase significantly if guests stay for months during hot summers or cold winters.

You could also do a walk tour through the facilities any ways to get a feel for the competition.The good thing, if as everyone has noted to you, check zoning; you are closer to the population than all of them. 

The goal is immediate cashflow that will quickly increase as we fix-up and/or lease up the properties, which ultimately will lead to a higher property value and a cash-out refi within the 5-year term.Do you happen to know of any good portfolio, bridge, and/or DSCR lenders, private or otherwise, that may be willing to work with such a scenario?

Benefits include shared financial responsibility, increased savings, and valuable landlord experience.Good luck!

You will see cash flow after probably two years: refi to a lower rate, (right now it's about 6.5%), and increase rent over time.

Here is an opinion: The increasing US deficit and US rate cuts will cause asset valuations to rise. 

I did see a predominantly blue-collar population outside the Lehigh area when I went to visit a few weeks ago.

If we want to make upgrades to the units while our tenants are in there and negotiate an increase in rent when the lease terminates - suggestions on an appropriate way to do that? 

Save your reputation above all else and you will increase your chances of being successful. 

On one hand, if Experiences attract more travelers looking for unique, bundled stays and activities, it could help hosts by driving more bookings and increasing guest satisfaction.