Small town for sure but swells to the second largest city in the state for 20 weeks :-)

In Michigan, you have the Great Lakes and a lot of beautiful natural areas and opportunities for outdoor recreation.

If you are liberal move to Washington, you'll hate Texas.If you are conservative move to Texas, you'll hate Washington.Both have great investing opportunities. lol you need to be a little more specific than that...If youre conservative dont move to the largest cities....stay in the outer suburbs and rural areas.

I'm sorry, but I don't know what the total lots in each are, but the largest is about 20 lots. 2 are rural outside city limits, one is inside city limits.

So the current industry multiplier for the hotel & recreation industry around 10.51 EV/EBITDA.

The largest I've seen was $40k, which was included in the $60k sales price. 

Interesting, I researched Spokane and avoided it because it looked like an area that was economically in decline with the state being the single largest employer in the area.

So, their finances aren't set up to handle sudden large increases to their largest monthly bill.

Investor #1 would still have a large ST capital gain from the passive income in the investment, correct?

Recreating the one year lease is not a big deal for me.