I am not opposed to hard money as a bridge to get your foot in the door.

This seems very incorrect to me as the property would be a capital asset with depreciation deductions taken over years, yet the agent insists that he is correct and that this is a common practice for RE pros.I trust the agent but just think he is ill-informed and/or missing further details regarding his proposal, though I am open to the possibility that I may be missing something as well.Can anyone shed any light to help bridge the gap here  ? 

Jorge,I agree Tampa is a great spot I am right across the bridge over in Treasure island/St.Pete by the beaches. 

Or is this a short term bridge loan (because you mentioned grace period). 

If you invest in a CD with a local bank and you needed money before the CD matured, the bank will probably give you a bridge loan until the CD matured to pay it off.

Possible bridge loan if it qualifiesThanks,Jared

This slowed down my flip considerably and increased my cash in the deal as I had to bridge the money for my crew while waiting for a banker to go to a bank and deposit a check. 

For loans that size, you are likely working with a bank rather than agency or bridge debt. 

I can help you with anything that you might need on the Freddie Mac SBL, freddie conventional, bridge, and Fannie Mae Small Balance.

Another viable option is to do a bridge loan.