Any insights or personal experiences would be greatly appreciated!

The online tools are a good way to get a ballpark number and can sometimes be close to accurate, but a PM is able to tell you a more accurate amount. 

Personally, in this market, I would work on saving up and really doing my best to find a great opportunity and pull the trigger then.

Conducted personal research.

Obviously tough to give advice based on minimal info and no info on your personal situation.

The drawback is you need to build trust and relationships upfront.Both have their place, but private money tends to offer more flexibility, while hard money is more structured and accessible if you lack personal connections.

Choose a goal so ambitious it forces you to grow into the person who can achieve it.

And will you have ongoing maintenance issues beyond your CapEx based on the building's age.I personally would be suspect of this deal.

And personal downsizing is always good for business!

Personally, I do not like any strategy or approach that aims to benefit from the misfortune of others.