The food/arts/entertainment has also exploded over the past 5 years!  

I am a big fan of building equity into more than one property so that I always have multiple sources of credit available to me quickly and super cheap (4%)  You could theoretically (if your DTI allows it and you have a decent in come and credit score), take the cash out from the first property and use that for two large down payments on two new houses, then finance the both via conventional financing. 

I have other sources of income including the house flips I'm involved in as well.

We lend 80% of purchase price. 2 points on the front, 1 point on the back at 9.9%. 600 FICO, No income docs, and funds don't need to be sourced/seasoned.

So when your GC gives you your material bill ask if he is passing on his contractor rebate :-)Often you can get better deals by going to the source... and cut out the middle man.    

I agree that partnering or seeking other sources of funding is a good idea.  

Source: WalletHub Source: WalletHub

Zillow.com is a good source your self research but do not solely depend on Zillow because some numbers are vague but you can find almost everything on that website.

Overall I'm pretty confident that the deal is good but I could use some outside opinions just as food for thought.

I would also be sure they have their NAID# so you can make offers on HUD properties - this is one of my better sources of inventory.I hope that helps.