After that initial down payment, the bank will basically be financing your investments.

Here's what I'd do: Create a Word Document or Google Document Titled "DRAFT: Life Vision" do not use a template, do not pay some guru for this.

The one that's short term and don't cost me a lot to initiate/originate.

If you did DSCR, 20% down I have a Par rate at 6.375% so you pay broker fee but no points.

I’m reminded of a buddy of mine who moved from Brooklyn to Scottsdale.. he initially thought the desert was just cacti and scorching heat, but soon realized there’s a thriving market here with pockets of real oportuntiy.Working with an investor who’s ready to spec build is a fantastic way to dive in.

Would love some feedback before I make the initial buy in. 

This creates an initial negative equity position that consumes the initial cash flow, sometimes for many years.

I wouldn't focus singularly on individual city initiatives/projects and would recommend focusing more on fundamentals.

Honestly, being very realistic, you do most of the time in the beginning have to do some initial discounting.

**Purchase Agreement**: This is the initial contract between you and the seller.