I was under the assumption that the road leading to cabin was a public road as it is named and marked on all maps, apparently not.

We went at it hard for almost a decade before hitting the pause button before we were totally burned out. 

On the sellers disclosure the seller marked “no” to any sewage issues.

The new owner will be able to decide if they will gradually raise rents to market or have tenants move-out, renovate and mark-to-market.

We do not lend on STRs and we routinely refer folks to Mark at Visio. 

Depending upon the local laws, it may be possible that any similar property could be a STR just by a few clicks of buttons to post it online.  

Quote from @Mark F.: Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.

Admittedly (and to your point), in my first 12 months I missed this mark by 25%.

Quote from @Mark Showalter: A few years ago I had four rentals in Birmingham and was very satisfied with Barrington Real Estate which managed my properties.https://www.barringtonrealesta... 

And yes, bad prospective tenants can also find this out and see you as a mark.