It may be a tough pill to swallow if you feel you’re totally right, but you may be surprised at the LEGAL opinion rendered by counsel.  

What kind of ROI i should look at, considering project completion will be 3 years roughly?

The VA and Fha loans have been able to do it but their strict appraisal guidelines make it tough to buy the often older homes in my market in Virginia Beach / Norfolk Area. 

If it is a high-end project, I would spend on an actual lIcensed designer.

Quote from @Kaushik Sarkar: I’m exploring strategies to scale my real estate portfolio given the current mortgage rate Not sure much makes sense at 11%...Ouch....tough enough at 7.5%   Might have to put more than 20% down to finance....maybe 30% in North Texas.   

Golf course is a tough business with dwindling  play .. think the rise of Top golf and pickle ball.. :)Also if you look at federal forest ownership maps you will see that Huge areas are checker boarded with private ownership .

Quote from @Anthony French: I’m relatively new to real estate development, having completed only one fix-and-flip project.

You can also seek projects through licensed Portals that are using Title III and can accept money from non-accredited investors. 

@Krissi Miramontes sounds like it was a nice project.

That’s a tough call, but a good problem to have—congrats on your first STR!