Because ever since I started listening to BiggerPockets, I've been hooked into this industry, and I can't think of a better way to align my professional and personal interests than to reach out to the very people in this forum who share my passion.So, I have a small favor to ask.

I am concern about the 20% down payment , I know that hard money lenders are faster than traditional mortgage lenders but what concerns is being persistent with having to sign the letter and align with my down payment.I got an approval letter with 220K  at 3 % interest with 6 months of $330.79  (during construction) and $971.39 for 360 months with 15 % down payment. 

I just recently refi-ed and was surprised at the equity I pulled out, so it may be in alignment.  

At least the last half decade has proven this to play out.. compared to cash flow were hey we are going to do this and gambling that rents go up and that cap rates stay low and credit will be where it is today and then in 5 to 7 years if everything aligns we exit.the pros on those of course is tax treatment and income as you hold and pretty much every syndicator out there will take a 100k investment. 

There are a lot of details that all need to align to make the project work. 

More emphasis on window alignment with views over the lake.3. 

I would run the numbers and focus on the individual property condition and neighborhood and align it with your goals..

Get aligned with REA's in the area that find ugly houses that aren't candidates to be listed to the retail MLS market audience.

I hit Enter a little too quickly, but I jumped on and read your profile and I think both our long term goals align pretty well - I'd like to think I can point you in the right direction with a few questions you might have.  

I do recommend looking into local ordnances regarding short, medium, and long term rentals before locking into a deal to make sure your goals align with was is or is not permitted in your area / zone.