What some see as someone else's problem can often be seen as opportunity, especially in real estate. The below linked story about an island in Michigan that takes two hours by ferry or 15 minutes by flight to get to is one such example.
The story details how some houses are being built elsewhere and literally shipped to their location tells of the obstacles. Those include not having concrete and other materials readily available and not enough housing for construction workers for an extended period of time. Many, if not most, of the housing on the island is taken up by Summer or short-term rentals for visitors to enjoy the amenities of being on a relatively private island.
Many real estate people see this and think, "It would be too much work for too little return". They might be right. I see this and think, "I wonder which developer would jump at the chance to buy up as much of the island as possible". They could build a resort, rent out the single-family homes, and bring amenities to attract many more visitors that would have plenty of space on a 13 by 6 mile island. Their ferry boat, or a partner's boat(s), could provide regular transportation back and forth. Perhaps they would spend on a cargo boat to bring in groceries and food to serve.
Beaver Island could be a multi-million dollar development opportunity constructed to create unique experiences for thousands of travelers. It would result in work for contractors, builders, brokers, and related services along with at least one opportunity for investors.
Executing a large-scale project like this would not be easy, and is clearly a long-term plan. However, no multi-million dollar operation was "easy". None of the happened without first seeing the opportunity. Being "first in" to make it happen brings a significant advantage.
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