All depends on a lot of things.No experience with or have ever heard of that lender, but I will look into them as well. 

As for your ques if to wait, well, it depends on the market, in some parts of the country prices are still going up, slower, but still going up, other parts the prices are coming down, you know that area, what is happening there? 

He is a wealth of knowledge on the area and is actively investing locally as well.

I will only get one chance to set my real estate foundation, want to make sure I do it as well as possible without suffering paralysis. 

They want someone who is going to treat their employees and their customers well.

A well-structured deal with a clear exit strategy can be just as valuable as a full rehab.

Well, what would you do with that extra cash flow? 

One of my applicants showed up with little credit but no defaults, no evictions, and only traffic violations and verified income high enough to cover well over 3 times the rent and I accepted the tenant despite there being some signs.He paid the rent in time for the most part until a few weeks ago when he stopped and I could not get ahold of him.

Well, STR can work well for people who own a vacation house for personal use, and just want to generate some extra income when not in use.  

It also did not have a pool like your property so that would probably lower the desirability as well.