However, with a more sophisticated seller, you're more likely to see these kinds of deals succeed.So, I guess that obstacles count as a con - it may be better to avoid all the hassle by just using regular channels.A pro I can think of is being able to negotiate your own terms.

Another thing to keep in mind is if you need to refi to get money out in a couple years in the future for your next down payment there is a big possibility you will be doing so at a higher interest rate.If you pay more down you are not reducing what you are paying monthly just shortening the number of payments in 25-30 years.It looks to me you are in a growth stage and having a stable predictable property with more debt (paying off at a regular rate).

What amount above regular market rental rates?

I had the identical thing happen to me, when I bought my duplex.

The protections under SCRA apply to active duty members of the regular forces, members of the National Guard when serving in an active duty status under federal orders, members of the reserve forces called to active duty and members of the Coast Guard serving on active duty in support of the armed forces.

In admittedly oversimplified form:Say an identical 10-unit building a block away, where the units all rented for $1k/mo ($10k/mo or $120k/yr PGI) sold for $1M.

I doorknock on a regular basis and have several leads for flips but no team in place yet.

It basically says that anyone who has a short term rental, needs to live a few minutes away, has to pay $1000 annual permitting fee, get regular inspections, must do it in an area zoned commercial, and any short term rentals must be over 30 days.  

Should I just go through a regular management company to find tenants for a long-term lease and just make it a fully furnished rental?

I have two options in front of me either to obtain a rehab loan, which will cost me $10k for six months ( points, fees, interest) or just finance the entire deal with my own money (cash).The rehab loan will enable me to obtain an additional property, so in six months i'll have two properties ( one with the loan, another with my cash)  but it'll cost me an extra $10k (on top of the regular down-payment which in any case i'll have to lay out) .