Some of the proactive terms in the lease that reduce maintenance cost include:No waterbeds, boats, campers, trailers, mobile homes, recreational or commercial vehicles or any non-operative vehicles.The tenant is responsible for any repairs necessary to the premises up to and including $100.Any damage done by wind or rain caused by leaving windows open and/or by overflow of water, or stoppage of waste pipes, or any other damage to appliances, carpeting or the premises in general is the responsibility of the tenant.The tenant is responsible for any water and/or mold damage, including the costs of remediation of such damage if they do not report a leak in timely manner.The tenant is responsible for watering all lawns, shrubs and trees, mow the lawns on a regular basis, trim the trees and fertilize lawns, shrubs and trees.

These items would add a lot of built-in recreation to our listing, but I have been warned by an insurance agent that this will open our LLC up to a ton of liability should something happen to a guest using one of these items.  

In a market that is not appreciating very quickly the cash flow might be better with wraps.Note that you have to recreate the business as the notes will get paid off compared to just holding a rental.Is your thinking largely along the same lines as #3 above?

There's a lot of recreation around this whole area.  

I like to deal in recreation land and have been investing in that type of land for many years.

My guess as to what the OG poster had in mind here is what it takes to have RE create your financial freedom.

Even though Jason said: "Take property anywhere" I would specifically add "Accept a recreational lot as a down payment".

@Grant Pope if it is right around the corner from a recreational lake then maybe use the spaces for RV rentals instead? 

Even if you did pay cash, there are ways to "recreate" transactions and show support.I'm sure any CPA, myself included, will give you a few free pointers on how to develop better bookkeeping habits, record maintenance, etc.

It does not include a cemetery lot or right of burial in any cemetery; nor does it include the renting of a mobile home lot or recreational vehicle mobile home park or travel park.