A lot of the folks here are very seasoned and will be a wealth of guidance but of course you have to do your own research and due diligence.

The local bank has been great, I can have my LLC hold title, they give 80% LTV with no seasoning, I can bundle properties, no origination fees, rate is in the 6 to 6.5% range, 5/1 ARM, it was the best deal I could find.

Does anyone have experience with a seasonal park where the tenants are (mostly) long term (like 10+ years) and they pay annually?

When seeking to purchase a performing note, you must first decide the rate of return that you seek to receive from the asset, taking into account the risk profile of the note (seasoning, lien position, LTV, etc).

If you plan to make any money, then you do not want to visit as a snowbird... this is the absolute peak season and prices are frequently double.

He sounds like a seasoned investor so I’m sure he can sniff out someone way less experienced (me!).

I really want to utilize this season of no kids, large savings, young age to set myself apart now and make the right moves early starting with what i do with my 1st home that i HAVE to sell or rent soon.

Let the property(s) season according to your lender's criteria, and then put a mortgage on those properties and repeat.

We are now on our 2nd season of operation.

You just can't trust what contractors tell you sometimes so I really appreciate the knowledge from seasoned rehabbers.