Running scenarios helps me visualize how all this can work, so thank you for taking the time to put that together.Bringing a note investor to the table at the start seems like excellent advice.

If you don't have cash and/or don't have experience buying sight unseen, doing ARV analysis, understanding the block dynamics and appreciation in the area, they are always a bad idea.

Market Volatility: Real estate markets are dynamic and can change due to various factors like economic shifts, interest rates, and market saturation.

With the oversupply in the market, it makes sense that a lot of hosts aren't getting future bookings as well.I'm sure you know, but some methods that you can use to get more bookings are SEO, dynamic pricing, unique interior, figuring out the algorithm, market research, etc.

Your location would matter greatly as well, so the best answer might be to wait things out a little if you don't have a large cash reserve, and gain more knowledge(SEO, dynamic pricing, no cleaning fee, how to deal with potential squatters, no coffee machines, etc) until the economy starts to get better, and then start.

It's not a good business dynamic but the park definitely has a lot of potential.

I've been here for over 12 years and while the family dynamic is great, the actual industry doesn't excite me much.

I believe there are opportunities to be found everywhere and in my experience, although market dynamics are important, but its the people in the market drive success.I am looking forward to building my network and sharing in the success the current state of the market has to offer.Merry Christmas from Canada!

They also tend to keep pictures there longer (but you can't download them) so there's a visual reminder about the condition.

They also have the book combined with a video course if you'r more of a visual learner.