When and if possible, include language that addresses remedies, penalties, right to terminate and a prevailing party clause in the contract.Finding skilled labor that is available and willing to work with you as noted above can prove challenging.

The benefit of a vacation rental in this area really depends on the strength of the marketing skills (photography too), the number of nights the owner plans on staying at the property and whether or not you can self-manage.Closer proximity to the beach and the number of beds will be the basis for what you can charge.

To me, the appeal of any syndication is heavily dependent on the experience, reputation, and skill of the sponsorship team.

Although I have to say the knowledge and skill of many BP'ers far outweighs mine.

You can also find a skill you have to add value to a local investor and work for free while you learn from them.

I want to be analyzing several deals a night to improve my skills but inputting in random numbers doesn't seem to be true progress.

I have gained lots of great skills in the business that I am in.

use your cabinet making skills and get it to a $600/month rent for a $2500 investment in the house....now we're talking.

Could very well be worth it in the long run but not a gamble I have the skills or knowledge to take with confidence at this point.

You are also well within your rights to be unwilling to do this and simply walk away from the deal.