@Brady Winder   nice fish  Steelhead?

And this has partial yet attractive waterfront feature in just a direct view and fishing/dipping your feet in access, but no dock.

An EXPERIENCED builder is different than a Builder.Someone with industry knowledge will fare better at building than a New Bee.But all in all, building is what "Builders" do.If you are a "Builder" you will build--if you are an owner you will buy.Building adds a lot of financial Snakes to the already present Risk of this business.Unforeseen construction delays, site theft, permit scheduling, being a "Small fish" when hiring subs, who may duck your job before completion to take a better job--never to return, no framework to evaluate subs, no framework to issue lien releases, no frame work to make sure workers on site have maintained insurance and not canceled the day after you checked it, etc...Just my 2 cents.

It's a bit like fishing and requires patience and luck sometimes.

Bravo @Mike Bolen - - you got it - - it's a job, not an investment.VRs are seductive in the proforma stage of analysis, but the math doesn't behave like tourists and there can be extraordinary vacancies and very hi operational costs.People go to vacation spots for a reason;  winter sports, summer hiking & fishing. 

@Michael Fish Once you have some education on real estate in general, then you need to understand the different types of investing.

@Marc ScherzingerIt would be really helpful to have more information on his current loan1) monthly payment2) market rent in the area3) fixed or adjustableTo determine possible courses of action (if profitable) or inaction (if not profitable).It may turn out that the best advice is to throw this one back & continue fishing elsewhere.

Perhaps banks are finally clearing the rural properties off their books.If you plan on staying in that area long term, I would focus on becoming a big fish in that small pond.          

I’m 25 now and have some lofty goals, and really just want to spend my time fishing, hunting, hot rodding, and enjoying the company of my beautiful family.Love the site and hope to one day contribute myself.

A few weeks ago I went to do a home inspection and the inspector fished an old .45APC casing out of the yard.