If you are confident that this developer can complete the project on time and budget, while also delivering a product (condos) that consumers in this market want, then your big two risks are handled.Now specifically on this deal: Based on the little info you mentioned, these are about $1.5mm condos.  

Are you looking for lowest payment possible and maybe an interest only or variable rate (but that has higher risk).Once you define what it is you need, then you should start speaking with lenders and ask them what types of products they have for what it is you need.If it is a traditional lender and they are licensed through the nmls (google nmls consumer access to find them), then that means they have been vetted.Note that most lenders DO NOT keep their loans and they get sold, so age of company is usually not important, experience of originator would be more priority for me

The island will consume you.

This includes trends in consumer behavior, technology adoption, and any industry-specific developments.Regulatory Environment:Be aware of the local regulatory environment and any recent changes in policies that may affect businesses.Competitive Landscape:Identify key competitors in the area and understand their market share.

Each strategy has its own set of benefits and drawbacks, as well as potential returns and risks.Buying to Flip for Quick ProfitBenefits:Quick Returns: Flipping properties can potentially yield quick profits, especially in a hot real estate market.Minimal Holding Costs: Since the goal is to sell the property quickly, holding costs such as property taxes and maintenance expenses are minimized.Creative Freedom: Flippers have the freedom to renovate and design the property to maximize its resale value.Drawbacks:Market Volatility: Flipping is highly dependent on market conditions, and a downturn in the market can lead to reduced profits or even losses.Capital Intensive: Flipping often requires significant upfront capital for purchasing, renovating, and holding the property until it sells.Income Tax Implications: Profits from flipping are typically taxed as short-term capital gains, which may result in higher tax liabilities.Buying for Rental Income and Long-Term InvestmentAdvantages:Steady Cash Flow: Rental properties can provide a consistent stream of income through monthly rent payments.Appreciation Potential: Over time, rental properties have the potential to appreciate in value, providing long-term wealth accumulation.Tax Benefits: Rental property owners may benefit from tax deductions on mortgage interest, property taxes, and depreciation.Challenges:Tenant Management: Dealing with tenants, maintenance, and property management can be time-consuming and requires effective management skills.Market Risks: Rental income may be affected by market fluctuations and changes in rental demand.Liquidity: Unlike flipping, rental properties may not offer immediate liquidity, as selling a property can take time and incur transaction costs.Comparing Potential Returns and RisksBoth strategies offer the potential for attractive returns, but they come with different levels of risk.

I worked in banking, specifically consumer lending finance for nearly 6 years in the operations and underwriting side.

Hi, I know all data is on the county website but it is time consuming and not user friendly. 

There is more info here on BP than you'll be able to consume.

Interest Rates | Texas Office of Consumer Credit Commissioner

I'm a huge fan of audio books too and it sounds like you've consumed many!