I am not saying don't take the points, but really evaluate all the socio-political and economic factors involved before you take the shinny penny.Thanks.

The real play here might just be to take a step back and evaluate if this deal is going to actually set you up, or ruin you financially. 

So you can say whatever you want, I'll evaluate you on your actions.Trash, nothing less and nothing more.

I would suggest establishing teams in both markets and evaluating which one generates leads that align with your investment criteria.

This is not available in smaller cities.You can evaluate all these criteria from anywhere in the world using the internet.

How do you typically evaluate LTV ratios when deciding on funding, and do you have a specific comfort zone in terms of percentage or property type that you prefer to stay within?

Option 2 is missing too many details even for a cursory evaluation.  

He should be paying into workman's comp and be the experts in evaluating the level of risk.Do you have an umbrella policy in addition to the property’s policy?   

Net worth trackers are valuable tools that real estate investors can use to evaluate their financial positions.Your net worth is a value, or dollar amount, that includes all of your assets and liabilities.

Quote from @Brandon Croucier: Fico, LTV, Experience, Make sure no BK's or Foreclosures.Those are great points to consider when evaluating potential borrowers.