Luckily, the goal of these OOS STR's is solely for the purpose of having a vacation home that can sustain itself and not cost us money out of pocket each month.

Out of state investors continue to flock to the area.Shoot me a message with a good contact number and we can chat.Shawn @Shawn Costley, I wonder if you have some analysis of the fundamentals behind a sustainable RE growth in Huntsville?

I intend to gradually develop the park by acquiring used mobile homes for around $10,000 each, relocating them to the site, and performing minor renovations.To make the venture sustainable, I'm considering implementing a rent-to-own model, with the ultimate goal of transitioning to a Tenant Owned Homes (TOHs) setup with $300 lot rent.

However, its subsequent challenges were a stark reminder of the risks associated with aggressive expansion without sustainable underpinnings.

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If the cash flow on the existing properties goes close to breakeven, seems like you would be increasing your risk of large capital expenditures, like roofs or heat pumps, without cash flow to sustain them. 

These entities do not appear to be set up as self-sustaining independent businesses. 

New construction offers a unique blend of potential high returns and control over the investment, making it an attractive option for those looking to diversify their portfolios.The Advantages of New Construction InvestmentCustomization and Control: New construction projects offer investors the chance to tailor properties to meet current market demands, ensuring higher occupancy rates and returns.Energy Efficiency and Sustainability: Modern constructions come with the latest in energy-saving technologies and sustainable materials, appealing to a growing eco-conscious tenant base.Lower Maintenance Costs: With everything brand new, the initial years following a new construction project see significantly lower maintenance costs compared to older properties.Tax Incentives: Many regions offer tax benefits for new construction projects, especially those that meet certain environmental or economic development criteria.How to Approach New Construction InvestmentEmulating Buffett's investment strategy involves careful market research, understanding local real estate dynamics, and potentially partnering with experienced developers.

We charge a $200 non-refundable deposit for pets at lease signing and $50/month pet rent (on rents around $2000).Late fees are $10/day starting at the 5th of the month.My historic vacancy rates are around 1-2% (20 years) - I expect to sustain that level.

The other obvious benefit is clean living and sustainability :) Let me know your thoughts!