It's beautiful...a dozen fishing cabins in Northern Minnesota on an entire peninsula of a lake surrounded by state forest land.  

It's very very rare that they found something that's appalling for everyone.Sometimes I see how GP and LP interacts is like a shark and small fish on the pond

The rich get richer, and like George Carlen said--it's a great big club...But given that....don't see the glass as half empty, instead see it as half full.If you want to be a big fish (accredited investor) RISK your investment money in things you think will get you to that goal.

.), so they might try fishing for a sucker.

Myself being a small fish in the pond, I personally can't invest under such conditions. 

I've seen some very big fish fail and some smaller players.

If you are a little fish, or a new fish , or a late fish to filing it’s highly likely you will get pushed out with an extension. 

I've read through the General Plan and there is nothing else that broadens or limits this description that I can find.Generally speaking, does this mean that I should have ministerial approval to perform a condo conversion of these already-built-out units in the same sense that I would have ministerial approval to submit plans for a new construction condos if the land were still vacant?  

I want to go back to Chile next winter, stay in a cabin and go hiking and fly fishing for a few weeks.But no yellow Ferrari in my driveway.

@Joe Fish maintenance is the most opaque part of PMC services.Most PMC's charge by the hour for maintenance handled by their internal staff OR they charge owners via their own invoices - which hides the actual costs.When hiring outside contractors, most PMCs add a markup - that again they often hide by billing owners via their own invoices.