Real Estate Principles 3rd Edition by David Ling,Wayne Archer

Exercise 3

A friend has owned and operated a small recreational vehicle camp on a lake in Daytona Beach, Florida. It is close to the ocean and close to the Daytona Speedway, home of the Daytona 500 and a host of other prominent races. The occupants are very loyal, making reservations far in advance, and returning year after year. She is asking your thoughts on whether to continue the camp as a short-term rental operation, to convert it and sell the parking spaces as condominium parking spaces, or to convert to condominium timeshare lots. What thoughts would you offer