@Pope Lake - a few random thoughts to incorporate into your model, not to discourage you, but just to make sure you are aware. 25k rehab on a distressed property is not going to do much if the property is truly distressed.

@Jeremy GoldizenOne other thing if applicable is if there is another development that will block a certain lake or city view.

Purchase price: $313,500 Cash invested: $45,000 Vacation Rental Duplex in Grand Lake, CO What made you interested in investing in this type of deal?

For example, Homes in Lake Arrowhead seem to be considerably cheaper than homes in the Lake Tahoe area, or homes in Crestline seem to be cheaper than homes in Murphys or Meyers.

Does anyone know of any banks in the Lake Norman, NC area that are portfolio lenders?

We weren't looking to get rich off this house as it is a place for us and our kids/grandkids to come and hang out on the lake. :)On the do it now or wait, a recession is not a guaranteed thing.

Yes - Moses Lake Realty Group has been phenomenal and specifically Jennifer Kron who represented as buyers agent as well as serving as property manager for our entire portfolio in Moses Lake (the other two fourplexes in this same complex plus two SFHs in other parts of town).

If the area is in low crime, good schools and the town offers other desirable characteristics (transportation, lively downtown, proximity to beach/lake/ski) That area may be an A or B.

The whole family comes and we have a great time on the lake.

It hadn't happened to me personally, but when I went in to find out specifics on lots, lot splits, and other guidelines from Lake County they mentioned it as a potentially negative scenario that could come up if buying single lots to build.