If they say they can't swing it, should I just go ahead and rent to them at $1,550? 

If you want to swing for the fences, that 3 yr, value-add deal with floating rate debt may be the right fit.  

You can do it on a SF rental, an apartment, a car wash, a golf course, a hotel, a warehouse, etc. 

One of their so called instructors from one of the training sessions asks the students to go to the five star hotels, or go play golf, or go horse riding, or go hang out at the high end night clubs for the sake of fund raising.

A better option if you can swing it is to purchase with your own funds, gain access, then refi into a loan.

Park Hill Golf Course was owned by a trust, in the wayyy distant past it was previously a dairy farm, but it has been operated as a golf course since the 1930's!

For any investors in the group, take a peak at #10 Greensboro/High PointIt's an interesting choice of verbiage to look at "median" sale price YoY because 10% feels like A LOT on the entry-level/investment inventory, and more of what I see in the high-end resale and, specifically, new construction inventory that tends to swing our avg's way up in the macro.Completely disagree that rent will be 0%.

Bandon in particular has a very strong trajectory due to the ever expanding reputation of Bandon Dunes Golf Course as a worldwide attraction. - Florence, Lakeside, Yachats - This is fairly accessible region through Eugene and also offers spectacular landscapes and amenities.

Sapphire is much more of a vacation home community.The deciding factor for me was that Sapphire and Cashiers don't have a lot to do, except for golf and hiking.

Even if you're the GC not swinging the hammer, you need a license.