Vacant property might cost us s lot more than even to change laminate throughout this whole little house.

That means sports tournaments, events, weddings, etc. are all being relocated to our state.

So, this deal looks good to me even with a 25% conventional mortgage at 15-yr fixed rate, 4.25% interest rate.The open house for applicants happened today; over 12+ pre-qualified applicants are scheduled to tour the 2bed/1bath unit in different time slots.

I set up Specific days and time slots when people could come over for viewing the home. 

I don't have to look.I know what spring prices look like vs winter.The main variables for me are events like a fishing tournament that drive demand.

.$32,000  60 units at $50 at 90% occupancy$5,000   Outside storage  15 slots at $30 at 90% occupancyExpenses:????????

We have a house on Lake Hartwell that does very well.It is two hours or less from Atlanta, GA Airport or Charlotte, NC.It is also about an hour away from GSP airport in Greer, SC.It is close to Clemson University so you can rent for fall football games, University related events and Graduation.There are major fishing tournaments on Lake Hartwell.Close to I-85.There are several marinas and restaurants on the lake.Lake Hartwell borders GA and SC. 1000 miles of shoreline.

Basically, all you need is a Title Company or attorney that can run a title search quickly and schedule you a time slot. 

Depending on the length of time held prior to 2026, there are basis step ups that occur to reduce the gain recognized in 2026, max of 15%, but note that the first of these time slots ended in 2019 (7 years), so at this point that reduction would be 10% if invested for 5 years by 2026.

"The Rona" has given Govt official and bureaucrats an unlimited ego/power trip, and they are going to do whatever they want for as long as they want and "sue me if you like" is their attitude.Honestly, at this point, I would not get into residential real estate unless you like to play slot machines in Vegas.Commercial real estate may be a better alternative.