Hey, I have a pile of money I would like you to help me spend doesn't always bring out the best people.

Inspectors may note it during that part of the process but I've never had a buyer ask me to have one done, or ask if they could have one done; people are either comfortable with it based on the inspection report or they're not and they pull the plug from there.

The town owns the lake, so they get a little more leeway there and people who own $4 million homes don't want to see mud flats, so the lake stays full most of the time. 

Most of those people have nowhere to go, so it's part of the process.

The last time I was there in about 2010 I was unprepared and didn't understand the system yet.

Understand the tax implications of divesting from the properties as well as taking on seller financing.

Thanks my understanding of this situation is everything you are mentioning as your experience. 

Ensure you understand property laws, taxes, and local regulations.

You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Luckily the owner is understanding of the market and has no debt on the unit.