So, you can replace the majority of the features that a PM tool offers you with the added benefit of a great P&L, budget vs. actual and cashflow analysis.”

There were a few more features like one that saves pics for records/ walk through ect.

Plenty of reasons why, but mainly because the inventory is low and the neighborhoods are unique.

The details are as follows.All numbers below are approximations (estimated on the higher end of the scale).60 acre wooded lot close to NC mountains - $32,000 with closing costsTree removal for cabin location - $1,500Water tap - $1,500Septic - $2,500Electric connection - $1,500Concrete work (driveway etc) - $5,000Small 2 bedroom cabin - $75,000 (with all of the BEST features)Garage (must have with small cabin) - $7,000All in cost right about $125,000.

Its a great house, the plan would be to purchase it for 60k, ARV would be 120 - 130k, it has a pool in decent shape, finished walkout basement with ceramic tile - a lot of nice features and its 2888 sqft.There are two issues:1.

Some businesses compete on price, some compete on service, some compete on unique product, etc.

Location is unique to the springs, gulf, camping and short drive(1.5 hr) to the beaches and theme park.This will be my first STR and first time building/designing a vacation home.

They're a luxury item that is a nice feature if the location and rest of the apt call for it, but you will never hear someone say "I can't stay here, it doesn't have heated tile in the bathroom".

Too bad they didn't know about the 17 foreclosures and the 3 that had sold for $20,000 apiece.Although parts of real estate investing may be similar to other types of investing, the "Real Estate Investment" is a unique animal, all its own.

Consideration is requested based on the uniqueness of the industry.