Destination parks are typically in a desirable location where people want to visit and vacation.

I was particularly impressed with their desire to separate opportunities for investors based on experience.  

So in conclusion, I would heavily weigh your desire to move from the area and your desire to turn a profit in an area that you already have some market knowledge of. 

This is typically lower than I aim for but using the proceeds from a 1031 that had massive equity, and given the desirability of this complex, I made an exception. 

I have much less desire to eat junk.

It just needed to be unique, highly desirable, generate cash flow for career freedom, create a legacy of memories and monetary liberation for my children and my children’s children.

The ratio itself matters little until compared to surrounding areas, only then revealing which areas are more or less desirable than others. 

This may affect your ability to hit a desired cap rate or monthly cash flow. 

But, ultimately it basically boils down to retaining cash/liquidity in the event that you desire to make additional investments (or, as it seems your concerns may be hinting to, in case you need it for something else).

.- Pre-approved to $450,000 (knowing I am eligible for more)-Saving $3000/month-60K in reserves and for BRRRR’nWhat I’m looking for: evaluation of my plan to get started, advice on particular neighborhoods to look at in my desired zone, people to network with and develop a relationship with.If you’re ready to get connected, please let me know.