.- Your maintenance and repairs will be mostly limited to the interior of the property as the condo management will maintain the building- You won't have to worry about tenants maintaining the grounds around the buildingCons:- Condo fees may change drastically over time and it's largely not in your control- Condo bylaws can be tough to work around.

Quote from @Mike Klarman: So, the Ground Up Programs are the hardest to get into. 

I'm struggling to generate extra lead flow from builders, mostly because it's so difficult to identify folks that are doing ground up, business purpose construction. 

I love the concept especially given the need in your market for storing things like snow machines, boats, rvs etc, but also for repair or general "fab shops".As long as you are seeing the demand in your specific market for these spaces, and perhaps its worth getting some leases signed up prior to breaking ground but thats a personal preference thing, I think the numbers look promising if the use case is there.

@James Wise has a great video explaining this: As an investor focused agent with boots-on-the-ground here in Cleveland- I would love to help you find and purchase a solid property!

Its already long distance but if you have no desire to be involved, no boots on the ground in anyway, it may be hard to make it work.

I can't see but maybe the wooden piers are sitting on sonotube concrete piers embedded in the ground which might change things.What I would do is get with a few major local lenders and maybe ask them what they would need to make sure the little studios (that is what I would call them, not yurts) are maximized for value.

It's a somewhat arbitrary process given that if you were to build from the ground up, you could do multifamily by right.

Not sure where your research came from but what I was basing my perspective on, was from a professional working knowledge of being on the ground observing.

If you find the property in mid-January but don't want to close with snow on the ground, then submit your offer with a 60 day closing and you'll be purchasing it going into spring.