Land Lease/ Cape Cod Vacation Rental

[Devin Flanagan]

I am interested in getting into the VR market in Cape Cod. I understand that management costs are really high but I intend to manage them myself as I have worked hotels my whole life and would like to work for myself..... eventually. When running the numbers on the available properties none of them are looking great. (being fully transparent I am a very-newbie).

There are a number of below market value properties within a seasonal community that have listed in the description information about a land lease fee. Looking for some information & advice.

1. Does anyone have experience with properties that are "land leases" and how do they work.

2. Has anyone purchased a vacation rental within a seasonal community (it operates from April-October) and would you recommend it? 

Thank you in advance!