Only use as a last resort .  

They rent these condos out for vacations and the resort has a water park and other sought out accommodations, including being 5 mins away from WDW.

However I regularly see new people coming in, Large national players as well as small guys, and they get crushed.

Because of how few players the land market has and the nuances of selling land I would suggest you partner on this deal with some one who sells land.

Something to think about might be resort residential.

I know the other players in town are looking at the property.

The reusability of the credit line just makes it that much more of a player in long term plans.As for pricing I would say you should do that based on your risk tolerances.

So there is no question in my mind all these folks that think Hey I will just help these people and let them invest with me while I do all the work.. etc.. run a huge risk.. and for what to buy some low value asset to make a few grand a year.. not sure like I said why anyone would do that.. but I suspect its taught at some of the note schools.. and we know gurus are not on the front lines of what is legal and not.other wise there would be no reason for the bigger established players to create 500 series funds.. no need at all they would just JV all the notes.. easy peasy... in CA you can fractionalize notes legally without securities but you need to be a CA broker or NMLS or have consumer finance license all these states have their thing.. that was part of my problem in Oregon..

A good rule of thumb is, the more players involved, the more focused the target and strategy should be. 

But depending on your goals you could purchase something to place under management as a str at one of the resorts.