You might get lucky and dodge these issues, but I would expect these challenges investing in below C category marketsAll that being said, it’s still a solid producer financially.

You need money set aside to handle these all-too-common scenarios.Second, the market peaked and hasn't fully corrected.

This is common in hospitality and not just STR's...

My grandfather took over the sellers mortgage as apart of the deal; the issue I am having is I found out that mortgage payments were stopped about 7 years ago.

There is currently common ownership of the entities that own the property and business, so they will need to sort the cash flow between the two out.

It is actually very common to do. 

I'm curious to hear if this is a common strategy?

Becoming a part of this community has certainly piqued interest and I look forward to meeting positive people in an environment where we share the common desire to be successful in the Real Estate Industry

Perhaps there is a health issue.

I heard that there is a moratorium on any more large developments due to the water issue.