Plus, demand is diminishing quickly as we head into recession ...so, that could be a perfect storm to put a lot of STRs out of business. ...Also, air bnb recently changed their platform to focus on top-tier, highly unique properties (think: luxury beach front tree house)--as a result, a lot of the more "typical" units are getting pushed down in priority on the platform, and are having problems with vacancy.  ...so, these are issues you'll definitely want to read up on carefully (if you haven't already); there have already been a number of podcast episodes / blog posts / articles on this topic for you to check out...at the end of the day, you'll want your financial models to include some really serious "worst case scenarios" (e.g.; extended vacancy) to stress test your model before you do the deal...If you do the deal, you'll definitely want a thorough contract that outlines all the responsibilities, authorities, obligations, etc. of both parties, and which outlines processes for as many eventualities as possible (for instance, her/your rights to remodel parts of the property, her/your decision making authorities if one party decides they want to use the property differently than originally planned, or if one of you decides you want out of the property, her/your responsibilities for repair costs, processes for dealing with unexpectedly high vacancy, etc., etc., etc.)   ...I'd suggest listing out as many of these issues as possible, coming to an agreement on them, then drafting a contract and sending your contract to a contract attorney for review before you sign...If you do this deal, definitely keep us updated on how it goes--it sounds like an interesting one!

Originally posted by @Bodhi Tree:@Aaron Hunt.

Trees basically take no maintenance and just grow bigger each year.5. 

You can find an acre or so of land out away from things pretty cheap and set up either tiny houses, glamping, tree house, boondocking RV's, you can charge people to store their cars, boats, RV's or what ever on it, you can rent it out for photo shoots or events, or if it is close enough to a populated area you can use it as a dog park. 

I know this is an old thread but I pass this one house everyday that's pretty much covered up by trees and other growth.

Clients purchased their first cash flowing quadplex outside of Los Angeles (near Joshua tree), and later purchased a duplex in Riverside which they live in now.

In Florida it's plam tree leaves and bamboo , light houses , Dolphins , or Disney ..

I notice there is a tree right there.

@Russell Brazil  when we sold our Tree farm in Oregon a few years ago and had a massive gain we paid the tax's because of the low tax rate ...

The only way it's covered is if it's a tree that fell on it or a bad storm.