From a pure business point of view, your decision will come down to comparing an ACCURATE ROI on this property to:1) Selling and reinvesting in another property for higher ROI.

I would be in charge of running the project, construction, all costs, I would float the project.Once the first unit is completed we would put financing on it and the proceeds would then fund subsequent phases, enabling us to progress through the project over a multi-year timeline, likely spanning 3-5 years.Estimated my construction cost would be 350,000 per building (pure cost no profits).

I agree with Jay, the Oregon Coast is not for pure investors.

This site is great, but sometimes the emphasis on cash flow, cap rates, cash-on-cash misses the point that there are other goals with real estate than purely squeezing the most money out of it.Good luck!

So as  things stand, renting is a pure speculation play. 

It is pure logic and common sense honestly, I promise you.So..I do not do any online ads or marketing for my real estate investing company.Tell me gurlfriend.. what do you do when you want to bake an apple pie?

This product is no income no doc and underwritten purely on the rent schedule of the property .

Hi Tony:I'm not dedicated purely to investors, but I do have a great interest in helping real estate investors.

Are you looking for pure cash flow or buy and hold appreciation.

The issue is that there are pockets of restrictions all around Lake Hamilton so it would pay to have a local agent right away who is familiar with the STR market around there.Hot Springs National Park has around 2m visitors a year so that will be a big draw.Crime is on the higher side vs other areas of the country, but that is pure statistics.