Highest credit score, highest income, all measurable objective facts?

@Sharma Parth  With your total cost ceiling of $120K, paired with the objective of completing a BRRRR you are setting yourself up for failure.

I would dig a little deeper, look at the demographics, look at the available product, and look at your objectives - then pick your poison.  

I personally welcome the feedback as it can only help me become better at this.I think there needs to be a degree of fairness/ principle here though.

His principles are life changing if you follow them, and once you're hooked it's difficult to stop (in a good way in my opinion). 

Principle, interest, property taxes, property insurance, HOA fee, repair reserve?  

I completely get why condo associations need to levy special assessments and increase monthly fees, and specifically in this case to comply with the recently passed laws in Florida.My objection is to buying these FL condos as possible rental properties.Buying condos for investment is already a risky proposition.

AKA it is a way to access some of the money you've put into your home while also making sure you can still afford your mortgage payments and other debts.You will need a renter in place as rental income is apart of the calculations when underwriting these loans in addition to the other factors you mentioned like monthly housing expenses (PITIA: principle, interest, taxes, insurance, assocaited fees ARV, debt outstanding.

The KISS principle is helpful here. 

Loans are typically amortized meaning the percentage of interest paid compared to principle paydown is highest at the first month.