RE: My $5,000 Homestead - Picture Tour on Day 1
Sounds interesting. A septic system would be required if you've got more than a couple people there, and the ground is full of large rocks. Its a river valley between mountain ranges, so digging would require heavy equipment. I haven't priced above ground septics that are emptied every so often, that would be another option.
I love the way you think and those are some great ideas. I haven't even spent the night on the property yet, or gotten the see the back half with the forest. So its a little premature for me to take you up on it, but I'm not saying no.
Having a few small cabins to rent out might be a good money maker with Blue Mountain Lake right there. Don't know if people would want to live that far out from everything, but spending a vacation week or weekend there would be ideal, and have a boat or jet skis to rent to them to enjoy the lake even more. That's definitely in my mind for the future.
Thanks for seeing all the opportunities a place like presents, and stay tuned, it'll be a few weeks before I'm back down there, but that's when the fun will really start.
Aha - I didn't even think about septic! That could be pricey indeed.. However if you did decide to make a small fee vacation homes on the property to rent out - even lowballing it at $500/month like I had suggested would turn you great profits - Look into AirBNB - The site that lets you rent out your home, spare room, or spare log cabin to people - Its highly successful and many people are always looking for deals just to get away to anywhere - many would love to get away from - just - LIFE. And the landscape alone would be your only needed selling point!
Can't wait to see what you do with the land :)