For sophisticated sellers with highly marketed deals, invest extra time in thorough due diligence.Next, assess the property's condition and estimate renovation costs.

Curious how you all would think a resort + casino going into a STR market will go and the impact?

Current Tenant pays $2200 rent which seems like it's about $300 under current market rate. 

It needed better marketing.

Feel free to contact me if you have any questions.I've been investing in the industry since 2007 and spend the better part of the last 3 years patiently waiting for market fundamentals to improve which we believe they have and should have some opportunities in the near future.

You'll also get access to off market deals that typically have less competition. 

Fundamentally, I want a balance between an efficient, market-rate park and tenants who are happy and comfortable.

In a free market the rents would reflect the scarcity of a great product but the government tries to meddle in the free market which at least in the short term increases the scarcity. 

Airbnb- house go off the market for housing.  

When you do renovate, what are the long-term plans with it to have it stand out in such a popular market?