It’s one of the few real estate “investments” you can allow your emotions to play a roll. 

If you're buying property for the long term play you'll get a 30 year conventional most likely.

It's a long-term play.

If you play your cards right, you can find a lender who will allow you to use the "delayed financing" exception to do a refinance without having to wait the usual 6 month seasoning period.  

From there you might consider what role you want to play: do your own deals, or fund someone elses? 

Purchased the property for 131k and can get 220-230k if its nicely done so there's some room for me to play around with. 

You can play around with the numbers though and make it asimilate it though.

If I were looking at buying a golf course, I'd definitely want to play it first.. which is gonna be kinda hard to do in February, in Ohio 😅The reason is, I'd want to see how nice it is compared to others in the area, how well they're maintaining it (is there room for improvement, or is this as good as it gets?)

Just to play the devils advocate - if I did a refinance only I could get a 3.25% interest on the new loan and then obtain a HELOC later, still around the 4.25% - 5%. 

Instead, hire a licensed home inspector to check it out.From personal experience, I've only had a few attorneys pull that kind of play, not contractors or managers.