Lot of accredited investors these days are moving from pure 100% equity deals to 100% debt investment, it makes sense as 8% IRR vs 12% IRR  vs 5% IRR from CD is not much different.I am investing to debt also but very small, but I am no longer interested in collecting small cash flow, I am working to make investment above 25-30% IRR only by own own very active real estate business.

Hi BP friends,I recently have been looking at STRs near National Parks, and I wonder whether it is a pure cashflow play, or a combination of cashflow + appreciation play?

As a pure investment it looks okay, but with a primary residence for my family thrown in at zero additional cost, it looks really really great.  

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

Well, at least if TC is going to contact anybody for paperwork.If its in pure in-house clerical work, such as my admin looking over my file and telling me I'm missing something, that can be done by a non-licensed person.  

I do these purely as investments and would collaborate with others to discuss challenges with finance and ground up construction.

:- No, just pure linear growth of +$25/mo applied to the wrong $/sf (95111 is ~$700/sf currently, not $900/sf+). 

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

I do have quite a bit of paneling work which was purely for aesthetics, while other jobs were actually necessary to bring the rental into service.