Focus and knowledge of history and accurate determination of the furture are even more critical in a resort area.I was one of the founding partners of a large ski resort in Colorado, now known as Sol Vista.

. - From what you have shared, it sounds like you are the type of investor most attracted to turnkey investments because of your location, knowledge and time constraints.

Lending money requires knowledge of contracts, state regulations, licensing requirements, real estate process, etc.

Continue reading the forum and gaining knowledge :)

I don't have any experience in real estate except for head knowledge from books.

He also intimated to us that they have social workers etc on call to assist.So a local (but similar) facility could be of some assistance.

You are absolutely on the right place to get more knowledge about how to invest.

But I would definitely take advantage of mentor and his knowledge if possible

I defer to your knowledge base, but I would still think you would need to show a little more intent to convert it to a rental before trading it for a rental than simply holding it to increase in value.

John Fossetti might want to chime in here to offer some knowledge on this subject.