Comparing just those two things, you would save way more money in the long run by avoiding the annual mortgage interest.

Wraps cost more and take longer (legal fees, recording fees, servicing fees, etc) compared to a SubTo.

How pricey are comparable properties and their costs?

Santarelli as an absolute industry expert (podcast, websites, press, social media advertisement) cause investors to have a false sense of security.

The industrial buy and hold buyers have virtually dried up in San Diego.  

Sellers will also like that better.Finally, don't compare your offer price against the list price.

Industry professionals are biased towards what makes them the most money, understandably, because why else are they in this business but to make money? 

I get FinTech is a high-risk activity, but imagine the industry will consolidate to one or a few strong players.

Before jumping into the condo, I’d take a closer look at whether the $300/month cash flow is worth it compared to other options, like a small multi-family property or a property in a higher-yield market.

You'll want to compare offers from different lenders before you settle on an SBA loan offer.