With people doing good business they work cooperatively with those they have contracts with as much as possible and enforcing the contract is a last resort when things break down.

People might even use them as affordable mountain homes during ski season.  

Big ski town but just as busy during the summer months.

California Coast,  Destin in Florida,  ski towns in Colorado, etc.   

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?

Kind of a similar situation here in Colorado.Spring can be a good time to buy a vacation rental in the ski towns here.

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

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)