@Christian Maher you got some good posts above too. 

@Jamie BatemanLicensed servicers and lending licenses now becoming more on alert with states and borrowersI will share in another post but Maryland just dismissed a foreclosure due to lack of licensing.

Have you found your first rental property since this post?

hope to see more posted here about UK now that you're here! 

Any information or references would be  extremely helpful.  

@Jacky Fan Here is some more information on whether you can 1031 a personal house:https://www.1031exchangemadesimple.com/personal-residence.ht...The general theory seems to be that if your home wasn't used for investment purposes during your ownership, then 1031 doesn't apply.  

@Michelle Fenn Aloha Michelle — I know this is an old post, but I’m trying to figure out the best option in reporting a delinquent tenant to all 3 credit bureaus if possible.

I know this is an old post, but I just saw it now and figured I'd add a comment here in case any of you are still looking for a PM in North Jersey that offers excellent service!

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.

@Joshua Christensen hit it on the head.Even if CAP rate were meaningful for residential property, what do you intend to do with that information.