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.

The main areas of concern should be the tenant class, which is difficult to deal with and the city permit office also less than stellar to deal with.

You may get some nice appreciation as well (Chicago is an appreciation market) which often times can turn a so so deal into a stellar one.

Started from scratch, no help financing, don’t have stellar credit, don’t have anybody quietly backing us financially.

Once you get through the basic resources I listed above I'd also encourage you to start reading the other books available from BP because most of them are pretty stellar. 

What are creative ways to sale a house when the block getting not so stellar reviews.

But I need to start building a portfolio of rentals and this may be the right one to try out given its stellar and high demand rental location.

Two years after my divorce ( following 8 month with a less than stellar tenant), I decided to sell the property and use the profit to invest in multi-family properties in the Augusta, GA area.

I hate to be the wet blanket here, but this looks less than stellar to me.

But our feeling is that our agent has not done such a stellar job on the first 3 items, even though she's supposedly a top agent in the area.We probably set the initial price too high because we wanted to recoup the costs of the rehab that, as if often happens, ended up being a lot more expensive that we originally thought.