However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out. 

Even though there is low inventory, interest rates are high, and many properties don't cash flow, look harder there are always deals, you just need to find/make them.

It sounds good in theory, but in practice is highly unlikely.  

One of their so called instructors from one of the training sessions asks the students to go to the five star hotels, or go play golf, or go horse riding, or go hang out at the high end night clubs for the sake of fund raising.

Most agency loans will expressly forbid such an arrangement, so if they found out, the odds of having the loan called would be very high. 

Lots of wrong/bad numbers and high email bounce rate.

Rents are high and demand is high. 

@Dan Shuder - I highly recommend you manage the prroperty you are leaving yourself.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Some of the condos here have extremely high condo fees.