Well Marcus since its U and me on this thread. ( and I cant believe more BP members are not interested in learning about these types of investments)  but anyway here goes.The property was originally optioned from the land owner who bought it in the 50s for next to nothing in today's dollars..The company that had that option that started in about 2002 also optioned it for 5 mil or so with annual option payments ( they were a large SFR builder as in larger Regional builder). come 08 and well that builder was one of many in the PDX market that had way to much inventory and the banks called most of their loans and he lost MILLIONS and pocketed much fo the last draws and actually decamped to Cabo and bought a resort at Cerritos beach that is still there today.

Has anyone seen pricing for the all-inclusive resort and conference yet?

My goal is to develop this property without resorting to upfront cash investments.I've attempted to collaborate with several general contractors, hoping to find a partner interested in a joint development venture.

Right now I am in the study and evaluation phase and I may not need the TSP loan by the time I get to the first deal, but just trying to soak in the pro and cons of all options.Your feedback is definitely some strong food for thought on why it might be preferrable to avoid a TSP loan or keep it as a last resort when I am sure I can pay it back quickly.Thanks again for the thoughtful comment.Sincerely,Joe

There's no such thing as a "deal" when it comes to STRs in the resort towns, but it is a better time than late fall/winter when the ski season is ramping up and the Airbnb market makes it more likely for owners to rent instead of sell.

For your fixer needing conditional coverage post-close:Specialty Insurers: High-risk flexibility.Surplus Line Insurers: Non-standard risks.FAIR Plans: State-mandated option(last resort)

I live in a resort town, with a lot of second homes, so the market price for an average home is already pretty high.

I live in a resort town, with a lot of second homes, so the market price for an average home is already pretty high.

They often want to stay in a resort, but it should be a place akin to your property.How long will it take to repair the property?

Under the laws of most states, when a corporate entity is dissolved, until a court appoints a receiver, the business and affairs of the entity shall be managed under the direction of the trustees of the entity’s assets to undertake the acts necessary or proper to liquidate the entity and wind up its affairs.In the context of LLCs most state laws permit the remaining members (or sole surviving member) of a limited liability company or, if the LLC has no remaining members, the personal representative, guardian, or other successor to the last remaining member of the LLC to wind up its affairs.The title company needs to do its research and not resort to the "you need to reinstate the LLC" position that many default to.