If you get their cameras installed just make certain the installer caulks the top of the cameras (where the memory card is inserted - the memory card is optional but there's a slot for them on the cameras I have) to keep any water from getting in, because it does happen. 

Originally Priced at $4.2 MM Current Asking Price: $3.1 MMOffering Memorandum Available Upon Reguest.Red Shark Storage, TN:  100% Recent Renovation.

One of which is trainers utilizing my space and pay me rent for time slots to teach classes.

If you want to know things to watch for, while having a razor thin margin ( after all cap-ex, vacancy., etc. are removed):1.

It's probably worth more as buildable lots... because a Golf Course is Business Income, and my guess is it's income is low to negative long term.You paid a premium to live in a (financially) exclusive "Golf Community" and now the core of it will be medium density and no more Golf Course.Those who paid the biggest premium most likley were those with homes right on the green--now they will be on the front lines (so to speak) with medium density (which might include Section-8 and other Governmental Assistance apartment buildings).Melinials (as a rule) do not value playing golf very much, and with the business income of the course being low--highest and best use...It's also probably going to effect your property values...Location, Location, Location.In short doing this seems to really shaft the Existing Homeowners, too bad your city government doesn't rezone it as a huge duck pond, dig it out and flood it.Even with the course closed there are carrying fees, such as taxes and insurance, so leaving it as a self owned green belt would be a shark bite for the owner.It's interesting that they don't want to zone the same as the existing doughnut of homes and want to go with Lower (to no) income group of people in the middle of the doughnut.From a return on investment it makes sense, but so might a stench producing rendering plant.If they zone to the existing doughnut of home the price loss on homeowners MIGHT be less.This seems to be the trend of the future...

Toothbrush and razor still in the bathroom?

You'd be operating on razor thin margins where even the most minimal vacancy will leave you at a painful deficit.All that said, I don't know your financial position so this is only surface-level advice. 6 caps in this market are not unreasonable, you're just taking on a lot of risk with this particular deal.

They’re sharks and you will continue to have significant carrying costs. 

That said, you will need to refinance off FHA to clear your 1 FHA slot to then do the new purchase with FHA again. 

the sharks are circling...