Work with the local experts- talk with local zoning officials, engage architects, and reach out to contractors to understand the cost and feasibility of your project.Run your numbers- do some forecasting and layout some financial models to project costs, revenues, and returns.Make sure you are utilizing your team- aforementioned real estate broker, financial advisor/ CPA, and lawyer and others as you go.Best wishes and good luck.

Well wishes!!!

Best wishes. 

If you have a loan, you may wish to look into due-on-transfer clauses.

The owners may agree to carry part of the financing, but you won't need them to stick around to transition operations.After acquiring the properties and assets you wish, you would either run your own business, or part-out and resell some of the assets.From your post, it does not sound like parting out the properties is a viable path and where you admit to having no experience with vacation rentals or the resort business, you might want to explore purchasing the business with the current owners hanging around for a bit to help you get your feet wet.Regardless of approach, it needs to have legs to be worth pursuing.

Thanks for reaching out and best wishes! 

Arbitrage can be really great, I wish you the best of luck!! 

I am wishing you success in your foray into Albany, NY and look forward to running into you in the forums or meetups.

I wish I had a million dollar property for her to sell.  

People think the federal government can make any law they wish, but that isn't actually true.