You may also have the owners stay on {part-time} for a season or two to help train the new management (you).Acquire the hard assets:  In this scenario you would only purchase the real property and those hard assets (docks, boats, etc.) that you deem would be beneficial.  

I'm lucky enough to have a seasoned investor on my team of 30+ years in my father-in-law.

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

Everything from season to schools to home condition to price. 

These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

Target high-yield markets and collaborate with seasoned investors to share resources and risks.

But at that price point , that will be fairly minor.Once you hold the hard money loans for the seasoning period the portfolio lender requires, just roll over into that.

For DSCR we only require LLC docs if in an LLC , drivers license, SS Card if available if not ss89 can be signed, we don't ask for any info on any other properties owned by the borrower, we dont source or require seasoning on funds.

George, I know several seasoned note investors who use Madison Managment and I am currently in talks with them as well.