First: Verify the sponsor’s past performance especially for similar deals.

They balked when I asked them for proof of their portfolio's past performance - which led me to believe they were aiming too high. 

The software interface isn't terribly efficient, but it performs its functions just fine)That said, I think there are some locks that have a wifi function and no fee, BUT they require interfacing with a smart hub - and the cost of setting that up combined with the amount of tech knowledge needed/potential for things to go wrong made me give them a pass.  

Things are expensive in Florida but you can still find "deals" or properties that will perform where you can get 10-25%+ CoC returns. 

Most sports teams are owned by syndication groups, most corporate debt is syndicated between multiple lenders, etc.

So, they aren't in a position to take a property back if the buyer doesn't perform.

:) Cant image how small the window is to play an outdoor sport on a court in LV.... 

In my experience, smaller cabins perform better than the larger ones.

we do notes as well. for non performing loans we say $800M in loans last quarter, we bid on approx. $50M of them and our hit rate (what we close on), is typically around 10%.

If I were the seller I’d return your deposit on two grounds: first, you breached the purchase agreement by not performing, and; second you seem like a flake.