Enjoy the adventure!!

Judah, i would rather go with the numbers, if you do them right you know it will work, taking a gamble on how you feel about a property is very risky, you could loose a lot if your not careful. i do agree with @Marvin McTaw, there may be other ways to unlock the value of a property if your gut got you to buy the place and its not quite working out the way you first thought. if you know that an area is up and coming and could raise the value then that would be going with your gut feeling and hopefully it works out, but again i feel the numbers and research of an area before you buy is the way to go.

A fun adventure ahead.I'm guessing the lease is just for the land itself and not for the structure of the board, solely based on the rent price.

These will all be walking distance from the property.My hope would be that the chance for appreciation would be enough to make the lower numbers make sense, especially seeing how property values have risen in the surrounding neighborhoods where the walking path is already completed.My question is, is it worth the gamble to solely rely on future appreciation to make the deal make sense?

best of luck in your REI adventures.

I feel like I'm ready to tackle my next adventure.

I work a lot in CO where I grew up and this adventure started from a need to to find a place so I wouldn’t have to stay with my parents when in town.

It feels a bit unpredictable, a bit like gambling. 

Best of luck to you on your STR adventures!

I'll definitely keep your advice in mind as I continue my REI adventures and hope to stay in touch!