The client will be solely responsible for capital gains taxes, including depreciation recapture, regardless of the agreement to share proceeds.

It does not include the rent income, just the appreciation, it is about 11%. 

You must must disclose to the seller everything including that you are selling it to someone else and how much money you are selling it to that end buyer.

Many local businesses that operate in the downtown area by the state park (including some famous attractions) close for the winter or reduce hours.

Quote from @Pablo Avila: There are plenty including myself!

Don’t forget to include the cost of the loan servicer. 

Include in your model rates going up by 2%, and just make sure you enough cash to cover. 

Quote from @William Taylor: Quote from @Addy Chupa: Hi William,I ran some numbers using our tool, and I’ve included my thoughts below, along with two scenarios: one based on your exact assumptions and another with adjusted figures that I believe could make the deal work better.Observations on Your Numbers Utilities: Based on your calculations, it seems you’ve assumed the tenants will cover all utilities.

We purchased 133.7 acres January 20th of 2024, we then proceeded to subdivide 4 building lots, ( two 10 acre lots,  and two 2 acre lots)  which included costs associated with septic testing,  survey & subdivision, and property maintenence required to market the building lots.

Estimated about $25,000 including utility hookups.