If only someone had written a book to help people like you.I prefer you spend some time educating yourself before jumping in, but that depends on how bad the PM is and how quickly you can educate yourself and take control.If you choose to terminate, read your PM Agreement carefully to see if there are any termination penalties.

They care more about the asset value than your own credit history.

**Long-Term Strategy**: These loans are often seen as a long-term financing solution, allowing investors to hold properties and build equity over time.In summary, DSCR loans can be a powerful tool for real estate investors, but they require careful consideration of the property's income potential and market conditions.

Personally, I'd be nervous to not get some type of deposit from my guest because I like for them to have "skin in the game" 

It’s essential to consider factors like payment plans, projected infrastructure developments, and the track record of the developer to make informed decisions.The most successful investors are those who carefully analyse the potential of each project rather than being swept away by the allure of glossy marketing.

Prior Theories: It could be turned commercial (no)A residence could be built there (no)They bought it to sell to me at a profit because I am the only one who cares about this.

You could change that money in a rolling it over into a self directed IRA and you’d have more flexibilities, but you have to be careful with the rules for what you can use this for real estate.

If we do everything correctly and we screen carefully (credit check, employment verification, etc.), what would be the worst-case scenario?

As you can imagine, it drastically cuts down on the amount of water use when the tenants have skin in the game.

At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.