I am pretty confident in being able to determine an ARV, and I have made a bunch of offers so far and even got 2 under contract (that I backed out of due to rehab quotes being too high and numbers not working because of that).  

I think it's debatable, but for people who travel a lot for work and/or have a high paying W2 they may deem it more worth it than someone bootstrapping. 

I would think in your area that you could rent out to traveling nurses pretty steadily or one of you would have a friend or 2 that you wouldn't mind renting rooms to and living with for a year or 2. 

I am clearly ranting now, but meanwhile the foreclosed upon occupants are traveling around the world which I have been sadly following through my frequent check ins via FB.

I would reach out to your lender to be confident you’ll qualify for a refinance when the time comes before buying the property with hard money.

I do not feel confident in my ability to see all the pros and cons therefore I'm not sure whether this is a deal worth pursuing.

The more you immerse yourself in the market now the more confident you become on what you like and what the value is.

With traveling and contract nurses (particularly since the start of the pandemic) these properties have seen steady occupancy and a good tenant base. 

Discovering this community has given me a huge boost in confidence to pursue Real Estate! 

Are you confident the rent you are getting will cover the mortgage on the condo?