Well at least you were able to survive the ordeal, and came out of the deal able to invest again.

But if you can survive the school of hard knocks than it's a very lucrative, educational, and rewarding career. 

Survival.

I suspect that many of them are paycheck to paycheck type people and they need the positive cash flow to survive.

There are usually signed documents at closing on both sides stating something like the terms you sign at closing constitute the final agreement, and any terms that would survive closing should be disclosed at closing, not after the fact. 

Understand the demographics of the local area and consider if the clubhouse would survive based on the available consumer pool.

Congrats on surviving the terrain, happens to the best of us. 

And while a death benefit would be nice, it isn't going to make much difference in my surviving family's lifestyle. 

How I survived a really dumb purchase: I put 20% down even though I could have used my 0% down VA loan.

People can find deals right now that can survive a crash.