The plot is around 26000 sf, beachfront, great tourist locationThe build quality is high, and it survived the tsunami of 2004 intactThe place is fully staffed with a manager who's been there for 19 years, with no intention of leavingThe place is one of the few in the area that holds groups (the whole complex is rented out to groups of 12-23)It is currently earning 100k eur per annum with only 50% occupancy (the owner is older and does minimum to market - old website, airbnb, booking.com, homeaway, tripadvisor)The average occupancy of the area is 74% so there is a lot of room for revenue growthThe rates haven't been raised for 3 years and it is due for a 5% rental increaseThe reviews are stellar on all sites, with many repeat clientsThe venue is ideal for weddings, reunions, parties, bdays, etc, and the staff handle everything, including an on site chefWhen you stay there it's like having your own resort on the beach to yourselfOwner will act as consultant for up to 1 year for freeSo, he wants to sell to my husband and I, as his manager and he really like us and know we would keep the staff and concept the same.

@Theresa Harris Thanks for the response Theresa.

Some people without much money will offer to let a friend or family member stay with them if times get bad for them (that's how some working poor survive).

This is my Big Harry Goal! 

@Theresa Harris I’m basically applying Brandon’s webinar approach to doing offers.

@Daniel RainmakerI've been searching MF's (good deal) in Harris and Montgomery county every day during my lunchtime and right before bed but I have found nothing that would provide cash flow (all that I've seen are already fixed and expensive). 

If you buy smart, you'll survive any downturn and you'll thrive if the economy continues to grow.

Is the rental income providing you enough to survive?

@Harry Nima ZegarraThey are commercial mortgages on 15 year notes.

Hi @Don Harris - thanks for the recommendation.