Quote from @Jason Kudo: I have a property in the Joshua Tree market and it's doing fantastic.That's great for you :-) However the OP might want to know if you paid cash, have a loan, at what APR, and all that good stuff that could make the difference for him having a decent ROI.

He let me know that he didn't "think" the seller would be interested in financing and it hasn't sold because the owner wants full asking price ($330k). 

Any feedback will greatly be appreciated.

I think this is great. 

If multiple guests have a terrible experience and rate those accordingly, this should resolve itself. 

If the parties want to terminate his interest but not her interest, but she does not qualify to pay rent alone, you have to determine whether you are going to allow him to terminate his interest or not.

They were attracted to the potential for cash flow, largely because so few markets would cash flow any more with higher rates.

I have used this as an entry point for a ton of investors here in the Scranton area and it's a great option to take since you have it!

Seller seems to think the vacant pads are worth very little, and of the 1.2M paid, most of that goes towards the income producing pads (with homes on them)...because the "CAP rate could not apply to vacant lots".Does anyone with appraisal experience can shed some light on this?

It's great that you're already thinking about real estate investing at 22.