@Kevin FelgerLate to the party, but love the idea!

Serious fishermen will probably have their own boat that they could launch and they will want a bass boat/ fishing boat not a party barge anyway.

I was confused by the $2500 deductible part, I thought you were having to pay the deductible on your home insurance policy which didn't make sense to me.

Then there have been turnkey companies with better numbers on paper, but everything is not in house (work with subcontractors, third party management) so I don't know which way to turn.

It has no employees and I intend to sub contract the property manager to a 3rd party.

Hi James,Being an "Acquisition Specialist" who can't find deals that meet your employers requirements must be tough.But this part is a numbers game, such as sift X potentials = find 1 possibility to look at closer.

There are three parties involved:The grantor or settlor, who creates the trust and transfers property ownership to it.The trustee, who manages the trust according to the specific wishes of the grantor or settler.The beneficiary, who stands to benefit in some way from the terms of the land trust.As the grantor or settlor, you would decide which real estate assets should be transferred to a land trust and what terms the trustee must follow in managing those assets.

I like partnering with others on large deals because each party gets to focus on the aspect they're absolute experts at.

Seller did indicate that there is an interest in a cash for keys situation but don't want to explore that if we are both reasonable parties. 

Regardless of how this one works out, I think the best part is that you have this experience to move forward with!