Time for some fundamentals. The Cents on the Dollar Test As I indicated in Buying Marinas for 50 cents on the... dollar?, this is a risky way to justify an acquisition price.  It seems to be used almost universally by those few players interested in buying marinas in today's mortgage-less marina financing environment.  Just the other day.

Remember the old stories that date back decades about great prices for land in Florida?  They're not making any more land!  Get it while it lasts!  The problem was it was just swampland.  Actually, let me rephrase... the problem wasn't that it was swampland... it was just that the people who bought it didn't do.

So you've passed the litmus test that was Part 1.  This is what you want.  I hope you're already in the marina management/ownership industry because this is a business and you need knowledge of the business to run it better than the last owner.  The clothes fit, but do they look good on you? .