In December, I closed on a 1 bed 2 ba beach condo (sleeps 6 w/ bunk beds and sleeper sofa) acting as a vacation rental, intending to role into 6 month lease in winter months (average $1,000/week in season).

Our first investment property is a small, 2 bedroom house purchased (cash) off-market in the winter of 2021.

I just did it with a property we own as they moved out in middle of winter, left the windows open and pipes froze and destroyed the place.

Travel time like that over a few months can burn a crew out in winter.

Travel time like that over a few months can burn a crew out in winter.

Right season: winter in a colder location = lower pricesRight house: kitchen cabinets savable, bathroom fixtures savable, good layout How did you find this deal and how did you negotiate it?

She often has 24 or so nights a year rented out to guests and the rest of the time they either use it themselves or have it winterized. 

In my market we have brutal winters and hot summers so our expenses tend to fluctuate and I always want to see a T12.If you are able to increase the income and decrease your expense you can take the cap rate from your purchase +/-.5% and calculate your new value.

Might be good for winter/fall rentals.So, what other areas should I look into?

It also has a smallish ski resort in my town (Mullan, ID), another ski resort 20 minutes away (Kellogg, ID), as well as snowmobile/other winter activities draw in the snowy season too.