When you start looking at large plots like 10 acres, you end up being farther away from skiing, shopping, entertainment etc.So I would start near the ski areas and work your way out.

I heard gunshots nightly, saw drugs peddled right outside the elementary school and my house, watched a vacant house get torched in the dead of winter, very entertaining/frightening to say the least. 

As time goes on and rents rise, the income becomes too good to entertain any disruptions.  

Now, before everyone freaks out over this statement just entertain me for one quick moment. 

I know odd questions can be entertaining, but really it's a matter of whether they can and will perform during their tenancy.

Hopefully sharing this is either entertaining or educational for you.

For ones that can't go residential, I send them over to a commercial LO who will only entertain my $300k scenarios on a "for you" (meaning, me) basis because I also send her the $3m scenarios.

Here is a few articles http://www.indystar.com/story/entertainment/dining...http://www.ibj.com/articles/49751-developer-plans-...http://archive.indystar.com/article/20130419/OPINI...http://www.insideindianabusiness.com/newsitem.asp?...

So many entertainers & athletes go broke by not paying their taxes, living well beyond their means, and by making bad investments with their buddies/based on emotion.At 24 with $1 million, he doesn't need to do much more than hit base hits the rest of his life to have an incredible amount of wealth in his 40s and beyond.I'd also join the FatFIRE group on Facebook.

Here's my situation:- Rookie investor searching for first STR property in the $1M range (I have experience hosting before)- No W2 income - left my mgmt consulting job last summer to take care of my dad who was sick, and haven't returned back to work yet .... would like to get started with my first RE investment before entertaining the idea of returning back to work (or just go full time into RE, eventually syndicating deals after I run out of capital to self-fund)- Credit score in high 700s- $700K liquid NW across stocks & 401KBased on my research it appears a DSCR-based loan would be best in my situation, but I hate to put 20% down when I know so many others are investing w/ 10% vacation home loans (which I can't qualify for).