So you want to start searching asap once you get your property under contract to sell if not even earlier.And of course you want to work with a lawyer as there's plenty of paperwork and you don't want to miss the dots on any I's or crosses on any T's. 

Having been a branch manager at a mortgage bank and then crossing over to Mortgage broker side, I can tell you a mortgage broker typically has significantly better rates than a mortgage bank.

A PMC is more important than an agent:---+95% of agents don't own investment properties and have only done owner-occupied transactions, so bring nothing of value to an investor.

And your buyers agent should make it a practice to do a permit search on a buy side transaction.

What price point do you plan on targeting for this purchase transaction? 

The strategic location and swift transaction made it an appealing investment opportunity.

What would be some common pitfalls in either transaction?

Do arms-length transactions make a difference?

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