I looked at a portfolio in Digby a couple of years ago and arrived at that very conclusion - unless a new industry comes to town, it's only going to get worse {BTW:  That portfolio is still available - and still overpriced}.Usually, buy what you know, is a good adage to follow, but you need to be honest with yourself about what you know first and then determine if it is worth buying.

There are a couple extra steps though to petition FEMA to remove them from the FEMA Flood Map.  

Upon my arriveal, I immediately, noticed the 100 or so people; which was a good thing.

I use Homeaway.com to advertise, take payments, manage my calendar ect.I also have an AirBNB account but it doesn't produce many vacation rentals.I have a great housekeeper that I text to schedule my cleaning.I use a Lockbox for keys.I have 2 Honeywell 9000 series thermostats to adjust temp when no one is there.I also just recently installed a camera system so I can see who arrives and make sure no one is breaking in when vacant.Very easy to manage remotely once everything is going.

Going back and forth about price and finally arrived at 250k but had to turn down the verbal lease agreement he made.

Chase slate, Barclay arrival, Citi thank you....Those are a few off the top of my head that I know will do direct deposits into a bank account at the promotional rate.

Financially, it is dead on arrival.

You've arrived at the best place to get answer, find information and meet amaizing investors!

There has to be a value for the property, how does one go about arriving at it?

How did you arrive at that number?