I know the seller gets the equity so it's not the best way to scale.  

I'm curious about the demand for vacation rentals, especially with the presence of large hotels and beachfront resorts.

Finally I hired an attorney and sent out a demand letter demanding payment to reinstate or I'd take possession. 

The total monthly PITI, including seller finance, is $1,200 a month.

To attract ideal tenants, analyze local demand and optimize your listings with clear photos & amenity highlights.

Depending on your market, calculating vacancy should be fairly straightforward, not to mention rental demand is at an all-time high.

Here is the situationCottage - seller asking $300KSold in 2021 for $225K, seller put about $15K into itBuilt in 1940s, very few updatesNeeds new roof, old 2-wire electrical, original walls, and has an $8K assessment by the association about to come due.700 Sq FtPart of an association owning shared private beach access@ $300K it is $426/sq ftComps (all sold in last 6 months)Cottage sold (to this seller) 5 months ago for $425K @ 872 sq ft = $487/sq ft"Direct" lakefront property part of same associationBuilt in 1940s, some updates3 other comps I've seen that are larger that have similar associations w/ shared private beaches that are "near" lakefront on the same lake.1.

Sellers have been on the market for more than a year with interest rates high and many are starting to realize that buyers won't be able to pay the prices of pre-2022.

Depending on family relations and the mental competency of your grandmother, you may be safer in waiting for your aunt to be the seller if your grandmother does not have competency to enter into contracts.

Seller signs Purchase and Sale Agreement (under contract).2.