Even still, cash for keys is a good way to go with today’s climate. 

And the moratorium extensions  and general climate certainly give legitimacy to your fears.  

You have more than enough Market, in a 800,000 Pop city.5Outside or climate controlled?

As far as using it, I think the option is converted to usd upon receipt although this might be short sighted thinking in the current climate perhaps.  

We do have great climates in common:) Now, if you want to talk arrogance google "port royal".

I also feel a warmer climate means the real estate business is more stable year around.  

I would switch over to a heat pump if your climate would allow it.

Cons: Proper Due Diligence is required by both parties on their partner’s capabilities, track record and Integrity.Exit strategy can alter - depending on possible uncontrolled factors like: Change of circumstances for one of the partners, Market climate, Availability of funding.

Trying to flip in that climate is a lot more difficult.  

They had been accepted to the best schools in the US but decided to immigrate because of the political climate.