We're self managing using Rentredi and it's been an adventure. 😂 But we are learning a lot!

I like the Adventures in CRE as a good resource for model building and underwriting.  

I would love to help you in any way that I can in your new adventure. 

Good luck on your Albany adventures!

@Marc Robinson some may be more adventurous than me but with septic and well I would walk awayI prefer TOH of course but with $300 lot rent and 19 occupied, utilities included in rent I would pay $400-450k for this

I think I have calculated the appropriate numbers, but this our first new-build adventure and I would appreciate more experienced eyes on this analysis.We are considering purchasing land in Packwood, WA and building an upscale modern 3/2 1500 sq ft A-Frame cabin.

Do you want to have airbnbs all over the country and travel between each of them and living an adventurous life?

Casino does not reimburse when a person looses.

One land speculation I bought 4 acres in sonoma County CA ( wine country) in 96 for 27k it was unbuildable at the time ( could not get a septic system on it) Well city grew to us The Graton Casino comes in right across the street and we sold a few years ago for over 2 mil to a land assemblage investment company.

If its going to be a 2 day drive or a 7 hour/$1000 airplane adventure with a 3 hour layover in the middle, not so cool.Both of the properties are also places we don't mind going so its not a huge hassle if we need to drop in.Taxes:  The taxes get significantly more complicated with new state returns.