Food, Drinks, Games, and Socializing! 

Since there is only one tax parcel then these would be appraised as a single property. 

Good food for thought.

He purchased what he thought was a 6+ acre parcel of property and shortly after closing he was sued by a neighbor claiming 4 of the 6 acres were actually the neighbor's. 

Purchase price: $40,000 Cash invested: $40,000 Our organization has six parcels to build nine to ten single family units.

If your realtors find you a great flip, let them list it at 6% so that they can keep finding you great deals repeatedly, pay them for gas and food if you’re investing remotely and they check on the properties for you and take pictures for progress updates, etc. 

One potential issue I see is whether or not the 10 acres is already subdivided into separate parcels?

Dj, setup and breakdown/clean up, food, guest leaving trash in random places, POOP ON WALLS (still trying to figure out how that happened) etc.When it is left up to the guest to manage it all that increases the chance of something happening.Most events/weddings have less people show up than planned for “IF” 30 people really is the accurate head count.Besides for a reception that small they should be able to find an actual venue for $1000 to $3000. 

So this asset class, rental properties, is different in nature than the pricing of pretty well any other product except maybe food. 

If you start a food truck, would you condsider that investing?