Based on our call, I think his attitude and comfort level toward making any moves prior to finding his NNN is a non-starter. 

From my experience (at least here in Louisiana), the thing to remember is that you don't get the opportunity to inspect the property physically prior to closing.I have been pleasantly surprised and the I have also been "unplea$antly $urpri$ed"If you're the winning bid you assume the risk of the need for an eviction, a title lien, or unknown repairs required.The newer the property the more likely (it seems to me) you may have these risks of unknown liens or need for repairs.I would do it again, but I will only buy at 60% if ARV.

I would contact the builders prior to seeking the investors and get a number of different rates from different companies to see the prices on certain condominiums, and also make sure all land selected has proper zoning ordinances for commercial housing.

In order to qualify for va loan on a multifamily, you must have 6 months cash reserves totaling your PITI, also must have prior experience managing rental units or other background including both property maintenance and rentals.

As I'm preparing for this, I'm wondering what advice people have on home insurance--best companies they've found, or things I should be sure to note when I'm comparing plans?

The living room and dining room was taken prior to painting and still shows the white walls.For those that have fireplaces in their rentals, cost-wise, what have you done to clean up or make the fireplace look better if it's aged?

Obviously, some items break/need replaced prior to the end of their useful life.  

Have you compared the cap rate of this property vs prevailing cap rates in the same area?

I had requested 3 bids prior to Irma, but the other two have not responded and I can't blame them under the circumstances. 

Can you ask what's the cost difference to build a hotel comparing to condo/apartment?