For sponsors, a fund enables them to offer speed/certainty in execution to sellers in what is an extremely competitive investment environment for most asset types. 

It would seem that in the current market environment foreclosures or homes in need of serious rehab only get close.

Demo'd tear-down structures, installed roads, utilities, pavilion, fishing pond and other amenities with HOA for residential end buyers wanting to build their own homes or mini-farms with loose restrictions.

Thanks everyone for helping clue me in on the cost per square foot environment!   

Anyone starting around 2009 was pretty much starting off by shooting fish in a barrel.

Especially given a high interest rate environment.  

That will be good to keep in mind when decorating; want to create a relaxing environment and provide nice little amenities for our guests.

In a high inflationary environment you have to get creative and find more ways to save and and offset your monthly living expenses.

So a $1M home could actually be less risky than a $300k home depending on your margins, whether it’s a tourism-only market vs somewhere you could also rent long term if the tourism market takes a nose dive, how favorable the regulatory environment will be over the next decades, etc.I personally would be hesitant to buy a home in a tourism-only market where my acquisition price implies razor thin profit margins - what happens if we hit a recession, people pull back on discretionary spending (vacations), and I can’t afford to lower prices bc I need to pay my mortgage?

Any thoughts or feedback will be greatly appreciated.Jeff I would recommend against it in todays economic environment unless its a screaming deal.