Is there an alternative you would recommend? 

Luckily I do not need much work done other than a new roof which can be handled in an alternative way. 

Whether you provide substantial service and how long your average stay is will both come into play with the tax treatment on this property. 

Delaware Statutory Trust investments qualify for 1031 treatment

I am curious as to what you guys think of this investment and what are your options for any alternative creative financing options if the seller is open to them.

I'll grill her a little bit more and tell her I don't want the grandson treatment here, but I'm still going to try and get outside ideas too.Frank- Thanks, this is what I was looking for.

The only exception is if you buy something totally dilapidated and those properties are quickly snapped up by wholesalers and local developers. 2-Focus on second and third tier resort areas that are in states that no one thinks about. 3-Focus on second and third tier resort areas near the big tourist resort cities.4- The only alternative is to create a resort area.

I'm gonna look for alternative ways to get the money and get approved for a mortgage.

Looking to figure out an alternative to acquire loan and get into real estate.

Alternatively, there are some overlooked properties that have been on the market a long time and you usually have more negotiating room with those properties, and more time.