I've read somewhere online that you should do the latter, but at the same time if I were to calculate ROI as if it was a potential new purchase I would base the calculation on the downpayment, right?

You are an online real estate investing mentor yourself.

Now the property is in foreclosure and they want to pay the total amount right away which I don't have the 200k.

I'm also looking for great meetups (online or in person in the Northwest) that focus on nationwide investing trends and values as well as developing relationships with folks I can partner with. 

Quote from @Martin Brown: It's totally normal to feel cautious about sharing your building plans, especially when cost and competition are involved.

The form asks for total acquisition cost: I purchased the condo furnished and would have no idea of the cost of the existing furniture. 

If there's ANY concern about the foundation or structural integrity, I call in a foundation pro, or I walk (foundation/structural issues are usually my one total deal-breaker).

Personally I would not look favorably upon a property management company with great online reviews.

Your biggest insurance concern would likely be hail and the possibility of totaling your roof.

The courses you see hawked online worked 5 years ago almost anywhere but that has changed due to saturation and regulations that are now in place or coming soon.