Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100. 

Hi David,If you are ever physically visiting these markets, I'd highly recommend attending meetups!

@Denise Holder That really depends upon the "whole picture" of their financial situation and the, Chapter 13 verdict and their physical/emotional being.

Investors can use these differences about property class types to consider how each property fits within their strategy of investing, such as return objectives and amount of risk they are willing to accept in order to achieve those returns.Each property classification reflects a different risk and return because the properties are graded according to a combination of geographical and physical characteristics.

Too undiversified for me though.Another alternative is to sell some of the physical properties and purchase an equal amount of a RE mutual fund to allow you to rebalance your real estate portfolio with non-real estate investments more easily and frequently in the future.

What questions do I ask to make sure they can get the job done without me being physically present for months on end?

Louis-based companies but I would love to know more about their physical presence in St.

i personally use my regular phone but you could use a google voice number or an actual physical work phone with a different line. i'd do google voice so you're not carrying around 2 phones. :)

They were using the mailing address to pretend they had physical presence as is required by the state.

Although it's fun to talk about how far away some clients are, it's noteworthy that about half our portfolio are local people that can physically walk into the office, and i think that says something!