Even during "low" season, they're commanding premium prices, much stronger than relative properties for rent in US coastal towns/vacation destinations.

But in my mind that's your best case scenario, take your profit at the beginning, maybe buy a couple of the houses at a discount on the back end as rentals if it works out, but for sure I wouldn't want my profits for improving raw land tied to the final sale of the home unless I was incentivized to do so.  

Limited Future Borrowing: Tying up multiple properties as collateral may limit the borrower’s ability to secure additional financing in the future, as those assets are already committed.4.

As a seller I wouldn’t let anyone tie up my property that I wasn’t AT LEAST 90% sure would close (not wanted to close, not said they would close.) and that number is probably closer to 95%. 

Real estate there is generally not tied to a single plant or industry.

I’m very interested in how this all ties together.

Lessons learned/things to avoidThank you again Whatever you do find a independent boots on the ground person that's not tied to the realtor, contractor etc

Granted, once I know you as an individual are tied to a transaction, then I can see what you have done in the past and any future transactions.

Think about how many more properties you missed out on because you paid cash and it was tied up in the property.

He's already lost $80,000 in potential income and they could easily tie him up for double that in a heavily regulated market like California.Successful landlords charge market rent or close to it.