I have project management and re agent experience along with time so I keep coming back to flipping with an occasional brrr to build long term.

Here is a link to the article - they have been working on requiring wholesalers to have a real estate license to wholesale properties for a long time.

However, from my understanding, it takes a long time to pay down the principle when making mortgage payments.

As long as you keep that perspective in mind and do your PROPER DUE DILIGENCE then you CAN & WILL SUCCEED, young miss.

It seems to be a rock solid single-family long-term rental area to me.

You can't count on believing that the family member will not produce a handwritten lease (real or not), or other paperwork & tactics, to throw a big old wrench in your initial/expected timeline.You CAN expect that if they see you as the big old rich/developer/bad guy enemy, they will do as much damage as they can, and drag their feet as long as possible.See if you can feel out what the relative actually wants/ needs, connect/come prepared with info on resources for local "housing help" options, etc (perhaps), and figure out what you can do to solve the problem (cash for keys with an incentive for quicker move out timeframe?

If you are thinking long-term and want to build generational wealth, it takes time and it takes connections.

Kiran, real estate is arguably the best long term investment that is offered.

They think they can save money, but they end up spending it by taking too long, doing the job wrong, etc.

how long are you going to carry the burden while you build out the "resort"what amenities, marketing, management will you be looking to implement?