On the other hand, since we're a smaller PUD, our assessments may simply need to be higher since there are fewer cabins sharing the costs.   

Target Low Vacancy RatesChicago neighborhoods like Lakeview and West Town boast low vacancy rates, meaning fewer empty months.

Any issues that occur with the property can easily be solved with the property manager working nearby. 

Choose the Right LocationProximity to Campus: Prioritize properties within walking or biking distance to minimize transportation costs.Safety and Security: Research neighborhood crime rates and local security measures.Access to Amenities: Look for nearby grocery stores, healthcare facilities, and entertainment options.3.

Also, check out if there’s any new development or improvements happening nearby, as that can boost property values.

Real estate is not the end all be all panacea for building wealth, there are a lot of other options many of which will give you way fewer headaches than real estate will!

That is good but there are fewer folks looking to spend over $1000 a night on a place.This all looks like a problem waiting to happen IMHO.

Fewer but better properties will usually outperform more "affordable" properties. 

There are so many fewer properties of that size.A couple of investors who have been tremendously successful with SFH and small multi - Chad Carson, Michael Zuber.

Another would be you are building other units next door/nearby and you can chalk this build up to the "learning curve".I didn't see a CFO on GLH or GLC's website, but I'm sure you have someone doing this type of financial analysis for your developments?