After it caught fire the insurance company settled for a couple million dollars and he went to the resort for a well deserved vacation. 

Thanks Will.The building is in an LLC and I do have a 1 million Umbrella (plan to increase this as I pay it off to 2-3mill?)).

Should take about 20 years to get to one million 401

Side note:  I read that Jay-Z and Beyonce are looking into buying a $85 million dollar home out there, Hot Lead ... there would be a nice little wholesale fee if you get something like that for themLeon

This is the 3rd thread I've seen you respond recently with that response.Not a newbie -- own 9 rentals worth over 1 million. 

3- Do I have the experience required to be able to be successful managing a business in general and a business of this type in particular 4- Do I have additional capital to see me thru tough times 5- Why is the seller selling 6- Has something changed or is about to change in the market that will negatively affect this business 7- About a million more questions too numerous to state In real estate investing, the beginner can often be successful.

My understanding is that to build a new golf course costs around $1 million per hole ... obviously depending upon the quality of the course that you want.

Higher risk areas or lower quality tenant bases will fetch higher returns.

The RV - Plan B kicked in SANIBEL ISLAND - unusual $5 million deal in Florida with a Bentley attraction TWO FOR ONE - one owner - with 2 multi-million dollar houses in colorado THE DONALD - How Donald Trumps attorney's helped with this one in Naples Florida

If you owe the bank $2 million and you can't repay, the bank is in trouble.