Quote from @Michael Smythe: Section 8 comes with it's own unique problems which many newbies don't take the time to understand.^^^ I would do a lot more research into S8 before jumping in.

Having a simple written agreement of loan terms and responsibilities of the two parties is always nice and it doesn't have to be from an attorney just something clear that you both understand and agree to with a signature.

It's important to consider your financing strategy and ensure you have a clear understanding of all costs involved.While investing in a resort condo can offer lucrative opportunities, especially in high-demand vacation spots, it's crucial to conduct thorough research and consider all potential downsides.

So, now you are up $0.75 overall.I understand of course there is the principal of the power of leverage, paying back with future money/rent, and being able to scale multiple properties that are amortizing/appreciating, etc.Otherwise, fundamentally my thought process makes sense, right? 

.✅ If you don't agree with the sponsor acquisition fee, you must first understand that sponsors do not share in the profits (most of the time) until the sale, because of a preferred return.Fees sometimes get a negative connotation...→ You pay fees for your 401K.→ You pay fees when you buy a car.→ You pay fees when you buy a house.Would you be willing to pay a fee for an awesome investment opportunity?

With that being said, it's a good idea to get an understanding of what kind of financing you will use and what you will qualify for, so you know what to expect in terms of leverage, rates and terms.

That can be VERY expensive if rates do drop on the next year or two.That being said they can be powerful products as long as you understand the pro's and con's.

Send a video to prospective tenant-buyers on lease options so they understand the program.

I would either call them or set up a time and visit with them to get an understanding of how everything is going.

Consult with a tax professional to understand how these factors may impact your financial situation.Always remember that real estate transactions involve legal and financial considerations, so seeking advice from professionals in real estate, finance, and tax is crucial to make informed decisions tailored to your specific situation.