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...

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $270,000

Cash invested: $54,000

I purchased six doors in March of 2022 - my first multi-family purchase. Tons...

Hey Chris, I'm a new investor down here in South Florida with two successful wholesale deals under my belt. 

I doubt two weeks is anywhere in the realm of possible.You may need to find a few less aggressive deals to get under your belt to gain experience.  3-5 deals withing the past 36 months is usually enough to get you into the better loan terms and quicker closings.Cheers!

@John Hurley- thanks for the outline   1)  you wont be able to  waulify for a conventional or a FHA loan until you have a  solid 2 yrs of self  employment under your belt...possible to  have  a co borrower  or two  go  on the loan with you   2)   depending on the marketplave you are in , you might  be able to  look for a seller  that  is willing to  take a   small down payment and  carry the  remainder on a private note  ( this is  hard to  find as sellers  are  normally not interested) ....3)  if you buy a property  as a rental - the down payment will  be a min of 15%  of the  price ( possibly more ) It  sounds to me that  your  best bet will be to  accept the  100K /  focus on getting your product and  business  off the  ground and  established  and then  consider buying 

keep in mind a west coast home in 20 years based on past appreciation rates will probably be worth double the 600k or pretty close to 1 mil in 20 years Not a mid west rust belt 40k rise in 20 yeasr. big difference in these markets cannot compare them.. the play on the west coast is very simple.. 

Trying to get more units/cash flow under my belt.

As far as the A/C goes depending on how you run your rentals, remember in CA that if you replace the blower, in order to stay code compliant you are also required to replace all of the ducting if it's older as well.

Speaking from experience (even though I was 31 when I went), it can feel a little intimidating when you meet people who are doing multi-million dollars deals multiple times a year and you only have knowledge and a couple of SFH deals under your belt, but it shows you that it’s possible with a little bit of guts and determination. 

Broward is swamped with supply and folks simply are tightening their belts as a recession looms.