while you will want to get it rented soon, be very wary of people who can move in right away-why can they move in immediately? 

I'm one of the few people admitting to anticipating a real estate crash, probably a market crash, probably a devaluation of the dollar.

If I'm following this correctly, the 1st issue I see is that you have an "active" business (consulting) versus a "passive" business (the rental property, assuming you don't do hands on management, etc.)...this would be a separating line for many people I've talked to about this. 

Feeling pretty discouraged when cold-calling people who are in preforeclosure.

I would worry much less, at this stage, about which account is going to earn you more than how to make more money at your job or take on a side gig also to enhance it.A lot of blogs and people will have you focus on the micro here, not buying Starbucks, or getting a .01% better yield, but that doesn't really matter right now because it's not a big earn.

I think I was looking through people's comments about PMs in SW FL.

This should draw further capital and also people looking to relocate for the cost of living. 

(options to buy down into the 6s but I don't see many people opting to do that). 

It seems like though they are great investments, though there are not too many people who actually dive into a private placement like this. 

People do it, but my suggestion is to not screw around with federal programs.