With the current positive CF and interest rates hopefully falling in the near future I would hang on for now until the rates come down and values start increasing again.  

I've tried asking if any maintenance was needed in various ways and never got a "Yes" in any form, even when there were obvious problems, such as paint peeling off the ceiling and a wired smoke detector hanging from the ceiling by the wire.

Do you pre-hang a universal wall mount so that tenants can use it?

Put white vinegar in pans around the room and in closets where smoky clothes are hanging.

I'm particularly interested in rental properties in the Alabama and Florida areas.Outside of real estate, I enjoy spending time in the salt water and hanging with my two dogs Sheeba and Theo.Excited to learn and connect with you all!

Also the next time the tenant starts behaving unprofessionally, simply ask them to call you back once they've calmed down and hang up on them...or just hang up on them. 

I'm particularly passionate about WholesalingOutside of real estate, I enjoy hanging out with my 6-month-old Australian Shepherd and my lovely wife.Excited to learn and connect with you all!

Once you hang on to a place long enough to see it go up $100k in value, you become an appreciation convert pretty quickly.

The owners may agree to carry part of the financing, but you won't need them to stick around to transition operations.After acquiring the properties and assets you wish, you would either run your own business, or part-out and resell some of the assets.From your post, it does not sound like parting out the properties is a viable path and where you admit to having no experience with vacation rentals or the resort business, you might want to explore purchasing the business with the current owners hanging around for a bit to help you get your feet wet.Regardless of approach, it needs to have legs to be worth pursuing.

It is pretty standard for loan documents to be 100's of pages, so you'll get the hang of it once you find a good/credible lender and gain experience.