I just spent 30 minutes helping my plumber try and get funds from a job. 

As if they start the legal process the fees will go up significantly and you will continue to get further behind.

I do have a source that will consider loan amounts as low $100k with a minimum asset value of $50k per property. 

Income: I make ~ $125,000 per year.

It would be unfortunate to not be able to close a deal because your investor backs out at the last minute.

Both units are rented out at this time, for a total rental income of $3,600 per month. 

I’d be sure to look at the cost per sq/ft analysis of what the difference is between new construction and what you will pay for an as built.

About 25 minute ride to center City.In my mind this is perfect for a General Contractor.

Approximately $3,750 per month, principal and interest.

I completely get why condo associations need to levy special assessments and increase monthly fees, and specifically in this case to comply with the recently passed laws in Florida.My objection is to buying these FL condos as possible rental properties.Buying condos for investment is already a risky proposition.