we invest in value add plays (no major rehabs) 10-40 units.

You will learn the cost of maintenance/cap ex and how tenant quality plays a big role.  

Play with your numbers and see what a deal that works for you looks like. 

And right now the bigger cabins are not a good cash flow play but might be a great equity play when you look back in two to three years.  

Welcome Maxine to the to BP and the fun World of Real Estate.

if all properties you see are below market rents, than I don't think they are really below market, typically.Beyond the cost of vacancy, renovation budgets, etc that come into play.  

GP is more important in many instances than the property and that is playing out big time right now.

So if I am looking at an asset as a 10 year play - I look more at the location, schools and how has this market performed in the past excluding covid and 2008 which were extenuating circumstances.Reality is right now shorter term plays do not work based on numbers and cost of financing - we went through this same thing in 2001-2004ish timeframe where properties would appreciate 2-3% per year and after buying costs and closing costs - you were not making money on assets unless you performed the labor or found a really good deal.this is how real estate "typically" is - which is why everyone always says location location location - because after a decent holding period, you will win.

So things like, xbox/playstation ping pong for the kids maybe a turf strip to play some putt-putt for the adults etc...

However, still one of the best plays out there.