-Not sure why 10% in the stock market is criticized here; that is the historical S&P500 return with dividends reinvested.

The longer projects you have to be flush with lots of liquidity because the economic cycle could go back down and treading water for 7 years waiting to come back up.With STNL location is important but not as critical.

It's critical as an out of state investor to build a team that you trust to advise you.

You can do hard money loans but the LTV will be pretty low some as low as 50% loan to value so your appraisal will be critical.  

Assisting the Commonwealth of Puerto Rico and local governments in re-allocating existing federal resources toward disaster relief – HUD's Community Development Block Grant (CDBG) and HOME programs give the State and communities the flexibility to redirect millions of dollars in annual formula funding to address critical needs, including housing and services for disaster victims.

The best defense is a good offense.Other than that, knowing how to do adjustments to properties is critical (again, appraisers are helpful here as well).

They usually have a critical tie in area that could be a problem if it leaks.

Constructive criticism welcome, suggestions, anything. 

He gets a split from your commission.The first year is critical.

To get your feet wet I don't think its critical.