Not going to say much more here, but I dare say that the critics who say STR is dead or dying are not looking at the right properties and more investors need to lean in on agents like me who are truly experts.

Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100. 

Hi all , my name is Samar (pronounced Sumer), so excited to join the BP community.

These are normally tenant responsibilities, but if you have a fire, and they have removed the battery, or it is dead, who do you think will get the blame?

I do not want to beat a dead horse here, but there is not a "one size fits all" when it comes to property management companies.

Or abandon all of it in 2024 if it's really dead, and carry the losses forward.  

No one wants to jump in a pool with a dead rodent in the skimmer.

Is not dead but on the back burner.

An accountant would help here, as you can make gifts to family members every year to a certain amount tax-free.Finally, you could simply sign over the dead to your son, if you trust him to pay you back over time.

You seem dead-set on doing this, so go for it...I was just trying to point out that it is not as easy as you seem to think it is.But I wish you the best of luck!