It was a true trade-off as the Logan area is more limited in STRs and new builds so ADRs are higher and likely to stay there compared to RRG where the market is headed towards being flooded and there's the potential of ADRs going down like in Gatlinburg/Pigeon Forge area. 

Renegotiation or re-trading after inspection if anything unknown is found (usually the case).Step 4.

This lack of official data has contributed to choppy trading conditions, as market participants rely on secondary indicators and sentiment to gauge the economic outlook.

Also, make sure you build a budget by getting a few bids per trade.

I am an electrician by trade for 34+ years. 

Hi @Graham Bozarth, That looks like a solid trade-up if the financials check out and you can negotiate closer to $360K.

if you believe this is a common outcome I have a bridge to sell you.

Instead of “trading up” our lifestyle every time income increased, we saved up and bought more rentals.

Of course people will be upside down when they trade it in or sell (they SHOULD know this, yet they will still overpay for a depreciating piece of property).

(Always fascinated by how funding strategies evolve as portfolios grow — happy to trade notes on what’s been working across different states lately.)