As you may know being local, SB249 is the bill that came up as a defense against towns like North Conway trying to shut down STRs, but it ended up in zombie state due to the sheer nature of diametrically opposed views on the matter and Governor Sununu’s push to do better than what the bill ended up proposing.Some details here: https://legiscan.com/NH/bill/SB249/2022As with all areas in New England I encourage investors to start thinking of oversaturated STRs markets as expense offset versus cash flow properties.

As a resident of the Gulf Coast of Florida (Bradenton) we just witnessed the strength of Mother Nature with the most recent passing of Hurricane Helene in the Gulf.

Lake Coeur d'Alene is a natural deep water mountain lake with an average depth of 125 feet.

Bakersfield is also massive with nothing naturally stopping outward sprawl.

The nature of the remodel would make it somewhat hard to inspect if it was done right without being removed.

@JayHinrichs, you are correct that there are above 8000 members in Subto and with that some sort of dilutive nature based on the sheer size and interactions.

Being a natural cynic, it takes work to find the positive.  

CAP from my calculation is +10% so naturally I am going to scrutinize.

Naturally, when worker housing was built it was built in the cheapest place that was close by, and back then that was always in the places that flooded.

Every state is going to be a little different in terms of forms and procedures, but expect any buyer who is represented by an Agent to include a request for you to pay some or all of their agent's commission with their offer just like they would have prior to the NAR settlement.