We all share a similar level of experience as landlords however I have fix & flipped three times as many homes as they have - so I have better sense of confidence with repairs/contract pricing/construction/renovation budgeting/etc. 

Association says that we have to remove the unit belows ceiling, make a repair to "our" plumbing and then re-do her ceiling.

Flipping is not easy especially if you have never done it before, you might be better off starting with a rental, learning a bit about rehab and repairs then selling it a year or two down the line. 

My thought is, if an Investor purchased that golf course (along with maybe some lots) I think if they did things the right way, they could make MILLIONS in After Repair Value.One of my thoughts is this, if I owned that golf course, what other ways do I secure cash flow besIdes the golf itself?

-Seeking funding (brokers or creative) most likely FHA-Appraising and estimating repair costs alongside professionals to get an idea of the process-Building relationships with contractors, getting estimates on potential projects (also, reading to get a general sense of ARP)-Learning and executing rehabs, by self and delegating to contractors.

I averaged in 10k for a new roof, paint and drywall repair on one wall, and possibly new floors.

If you want more details to see if you are a good fit for the program, let me know and we can set up a phone call to discuss. 

I think I'd like to have all my money back so I can get into another property, while my tenants pay down principal... and I'm budgeting for capex, maint/repair, vacancy, insurance, taxes, and management... but is the benefit of having nothing in the deal worth having almost no true cash flow?

I started perusing the BP forums on my phone and came across this thread.

Nico,Do you know the "as is" value, and after repair value?