I am experiencing similar issues with time of year being the main culprit.

Following this as I have my license as well in a similar boat.

You never know who is on a similar path, has a similar mindset, or just believes in you and your goal for a better life for the family.All the best!

It's similar to another park I've done well with the last year.

My question is, do I just use the heavily reduced price I was able to purchase it for since it was vacant, and then the material cost of what I renovated plus what things I did contract out, even though that basis would be way under what the other renovated houses that sold near me per SF sold at, or are you able to use similar comps to determine the depreciation basis?

A good freind of mine set up an STR in a similarly lenient area and found that they could focus much more on guest experience rather than the administrative hassle.

That content and similar content out there sets unrealistic expectations that anyone can put together their "team" and invest in distant markets.

Have you found similar advantages with private financing?

Hi Nirek - I deal with a lot of clients in your similar situation.

I do see many investors incorporating a similar strategy with new construction builds, heavy rehabs, or in instances where the property was bought far below market value (usually a wholesale type transaction).