Which makes us concerned about investing such a large amount of money.I would love to hear some opinions on whether or not I should jump on this opportunity.We appreciate your insight and expertise!

Choose your investments based on their growth potential and their risk.

The PP is around $72k but current value range is around $140k+ based on recent comps (not a lot in the area though). 

We just chose decor that fit the idea of a nice lake house.Sometimes a place can just design itself based on location.

The rent should be based on market conditions and the amount of money you need to collect for your business to remain viable and profitable at a level you are comfortable with.

Landlord: “why did you change the locks on your apartment.”Tenant: “the fact that you know I changed the locks on my apartment are the reason I changed the locks on my apartment.”at first I jumped to,”you can’t change the locks as a tenant,” but they’re right.

Cap rates offer a valuation based on a single year's NOI, while discount rates consider the property's entire income-generating potential over a specified period.

They can help navigate challenges, identify market opportunities, and offer sound advice based on their own successes and failures.Risk Mitigation: Sharing the risk with other investors can reduce your exposure and help protect your assets.

Potential returns look decent …PS- the jump you saw could be some sort of hotel/ multi unit property coming online.

I like Northwest side, the Rim, by the military bases, or even out west toward sea world.