Customer experience and hospitality are key to effective management of destination parks.

The seasoning requirements, LTVs, and drivers of the difference in purchase/appraisal values will be effected by the loan product.

Most cost effective way to go is SERIES LLC.

And then closing costs...of $10k?  

For example, now incur 3 months of carrying costs and then have to sell for $20k less those extra costs are your damages that you could claim against the seller.

Most people do not practice enough (few times a week only) to be that effective at it.

Are there a ton of renovated properties or are they mostly selling far below replacement cost? 

How much does it cost? 

We manage 37 doors with that costs us a few dollars per door per month with no surcharge for ACH payments and we get next business day credit for those.  

Flexibility is an important consideration.If you hear 7.5% DSCR rates, that probably has 1%-2% in discount points (up front closing costs to buy the rate down), a 4-5 year PPP, and it probably assumes a perfect rents/payment ratio.