So I've came across this deal, sort of by accident but I just can't pass it up.

For instance, I’m thinking like a dialogue wheel of some sort where there’s a right/wrong answer.

Where you are at, you’re sort of out of the vacation property belt, but one place that I’ve been interested in is not too far from you.

I personally would go with a local lender that works for you and has sort ways to the underwriting department and doses the job right because they care about you.  

Hello,I recently purchased my first (sort of) investment property.

It's typical for agents that do a lot of investor deals to do this sort of thing, so your agent should be able to explain the process.

The lease agreements are usually pretty easy to find but you need to make sure that it complies with your state, local and condo association laws, regulations and guidelines.Most states put out a handbook of some sort containing landlord/tenant regulations and you need to be very familiar with that.Congrats on getting started.

Connecting as an investor with someone who is already doing these sorts of developments would also be of interest to me. 

@Brian Quist ROI (or cash on cash) is an interesting number, but as you’ve noticed, can be sort of misleading when you’re at the point of close to zero invested.

There are indications that courts may also extend this sort of liability to owners of LLCs.To avoid any chance of alter ego liability, it is important to keep LLC records and finances completely separate from the owners’ personal finances.