He peaked my interest because he was trying to wholesale virtually in IE, Riverside, area, etc, which is pretty close to me.  

Never do anything purely by e-mail.

At its peak, it financed 50% of CRE and now it is finances 15-25% of CRE and it always will have around a quarter or so of market share because it fills a need very well. 

They may cash flow right now after HOA and Property Management fees, but all it takes is one little economic hiccup and those tourists go bye-bye.

@Brett BloughYou're late to the party in most good markets (most are PEAKING). 

I thought I was happy when I got the loans - I am ECSTATIC when they go bye-bye!

The biggest reason is such an influx of the work/time required by staff is so condensed into a few months...that you're either over staffed the rest of the year or spread thin during tax peaks. 

@Colette B. yes, the key is to get a great deal. 

When the ski area is at peak, the beach will be at a low and vice versus.

For example, at peak construction season in my area, you really have to hunt very hard to find someone willing to paint your project for less than $6/square foot, so when you find someone who'll do it for $2.50, all of the sudden that doesn't seem all that expensive.