Want to build a small lux resort in 5 yrs, best way to get there?

[Mark A Chandler]

Newbie to Bigger Pockets.

      My name's Mark!  Seems very nice to be here amongst my fellow entrepreneur! I'm from Houston and been a real estate license holder since I was 20.. had a good go but had a lot of life stuff going on and hard lessons learned! For one, you have to watch the back of the house and the women/people in your life as well as habbits. Not to mention going in without a mentor.. but I'm Ready to get back at it!

My life purpose as I see it is to build a badass family castle Bohemian bresort like some of my relatives did in Scotland. I used to shoot for the next 10 years.. but After doing a lot of research on the best way to do that and the current market cycle; I realized the best way to have it around forever and make my family money for future generations and the rest of my life- was to have it going when the economy is hopefully picking up in 5-10 years. Sounds wild I know, but trust me I've been committed to achieving it with all my resources for years and been studying my *** off. Fully committed to the industry and the future! :) Finally ready to start taking the best steps I can and understanding what I don't know first, so I would some professional advice if anyone who has some resort or hotel developing owning or investing perspectives on the best way to get there.. tough to not make that a run on sentence haha.  Here's my plan as it goes:

1: master finding the best deals on the market and start wholesaling..

2. Eventually start BRRRR strategy in the coming year to take advantage of the current market cycle and impending recession..-

3 leverage my cash flow and best deals in multi family after paying a good mentor..-

-hold onto and appreciate those properties for a few years flip them 1031 perhaps..

-all the while studying resort developing location, best staffing and stuff like the more successful places-. Develop a kick as sbusiness plan for investors to make it all happen 

4. Throw my skin in the game with my plan after meticulously working all the details.. labor contracts permits and the such when the time is right

5. Buy out my investors in some years then keep it for the family- maybe move on to another elite resort if I feel up to it

My father before he passed last year did insurance near all my life- but did real estate when I was a young kid. He was never a mentor for real estate really for me, except as an inspiration when he did fix and flips in Detroit and let me tag along as maybe 10.. the president of my first brokerage added mcuh valuable insight into my career as a mentor figure, as well as many a mentor on YouTube.. but I honestly don't have any real estate figures in my life that could look over my plan with any insight I feel like. And so here I come to ask of y'all for a little insight and guidance! :).  You don't know what you don't know.. a valuable lesson I have spent my life learning! So any solid wisdom will be very welcome and appreciated, thank you in advance.     I've spent the last 6 months studying the best way to maximize profits on rentals- and read several books and seen siminars on the power of multi family investment and the tax free custodian stuff.. most all of it sounds easier than it can be I know. Haven't paid the thousands yet x). Any advice will be received with a empty glass!   Bless y'all in these uncertain times I hope everyone is good with The Covid and economic collapse.. at least we are still in real estate!  

ps. if you made it through all that, you are badass!

(I can feel the stick to 1 niche coming haha..)