I've rented three bedrooms at Cypress Point and Cypress Point villas three different times from a timeshare owner -- We love the resort -- so much space and a great location. I've usually done rentals from Redweek.com and TUG2.net. My best price was for $800 (spring break week) and my highest price was $1000 (This was Christmas week), so that really does sound like a good deal if all is legit. Mine were all cash (check) deals 1/2 payment at booking the other 1/2 30 days before. There were no cancelation provisions either. That's how most of the owner rentals I've done are. I always check with the resort to make sure there is a unit for the right week in my name and have had great luck so far. I've usually talked to the person, sent they 1/2, they get the unit in my name, I check that, 30 days out I send the balance, and before leaving I check to see that there is still a unit in my name waiting for me.