Those recently built homes start to lose value because the comparable sales surrounding them that are "Not" new builds and are selling for less causing a standstill on those new homes.

You mentioned the rents were below market rate...if you do the improvements/repairs needed, how sure are you that you could increase the rents? 

Turned out to be a very strong housing market with limited Custom Luxury Home Builds How did you find this deal and how did you negotiate it?

You are correct hotel underwriting typically has vacancy built in for cosmetic updates but in this case it appears your improvements far exceed keeping the hotel rooms updated. 

We bought and sold with Mike Morgan or Omni Homes International.

Thanks so much for responding and proving the tip to post on CTREIA’s FB page.

Got a land contract question...We are planning on moving to a nicer home next year.

Perhaps tax credits or even lower tax rates at the Federal level for a builder to build and sell homes of certain sizes or price points. 

AirDNA states: “Average yield is calculated by dividing the average annual revenue potential of short-term rentals in proximity to the national park by their average home prices obtained from Zillow.

Also, what other platforms are people using for rental price comparisons and have you found them useful/accurate to help you rent your home in a reasonable amount of time?