I have bailed out numerous undercapitalized investors that have gotten way over their ski tips drinking the sub too coolaid.. it does not go right and I can tell yo the seller is going to sue you.. and or file a complaint at the AG. 

I’ll always strive to complete tasks online if possible, and in person as last resort.

I just bought a condo in a resort near the beach, which is valued at $300K, for $200.

I can make this happen from pulling from some retirement investments and a HELOC, but these seem like the last resort as it would hinder further deals.

I've recently been turned onto this 'Resort Condo' through our lender that owns 2 of his own. 

So far I like Festival and Soltara because I can have a small private plunge pool in the lanai plus the resort pools. 

Also dont get over your ski tips.. your taking a junior position and as such you should make VERY Big interest like 20% or higher. or part of the profit.. because in essance your person is doing the deal with no skin in the game cash wise.. what happens in a water landing.. and the first goes into foreclosure can you stroke and check and pay the first off. 

My dream is to own a ski home in the mountains of Vermont and have a family to take there for vacation for a week every couple months while I'm in my late 30s and 40s. 

Giving up your house is self-defeating and should be a last resort option.

I am wondering what experienced investors/builders might think about the following investment scenarios (sort of passive income): Buy the right piece of land and build a five/six row of townhouses and rent them out (@1,500 sf/unit, maybe rent them @$1/sf or a bit more) Buy a beachfront property overseas and build a small resort (six luxury villas/bungalows) each with private plunge pool and stunning views (charge $350/$400/night)-option 1 is less risky than option 2 but rewards are considerably lower for option 1.