This is a tourist town with 2million + visitors annually.

I'm not even sure if this property is suitable for a residential property.

Clearly the man was joking, but we went on immediately after to discuss the illegality of fostering real estate transactions without being officially licensed AND having your license activated by a broker.I know you are not in the US, these laws may be different in your country, I just felt maybe this post may help another curious BP visitor understand the severity of the actions you're describing.Great Course, btw. 

Do you try to inspect roof, mechanicals during the first visit....or wait until the due diligence period?

It is better to experiment and get your training wheels with smaller amounts of money until you become proficient with the type of investment that is suitable for you.

Any day would be suitable for me!

From my research, I saw that a land contract will be more suitable for this, but not sure.The purchase price is $400K and would like to finance it for 10-15yrs, plus a balloon at the end.Your input would be greatly appreciated! 

SFH are all priced out of doing anything and the fixer uppers available are really more suitable for demolition because they are hacked together improperly built junkers.

Yeah July, I understand that this is a seasonal business but the main focus would be beach goers and boardwalk visitors so I’m looking at 5 - 6 strong months and the rest of the year would be just enough to cover the bank payments and maintenance.

@Timmesha Shantae Cooper I would visit or call the city hall building and ask to speak with the permitting department...they should be able to pull the history of the property.