Is my experience normal?

Forecast every possibility that could go wrong....I'd consult with a very good attorney and an accountant who specializes in real estate investment as they normally have seen every scenario possible. 

If you're already pre-approved, I would recommend verifying that your lender can service a non-warrantable condo and is keeping the loan in-house.It's completely normal to second-guess a decision like this—there's always some speculation involved.

Use that number as your comparison for what it would cost if you bought a multifamily rental.Second, mortgage rates are higher than they were (and more where they'd normally be, the last ~15 years had them artificially low) and house prices are higher, so don't look at what people did 10 years ago. 

I normally buy and hold but this happens to be a flip I did, so this is fairly new to me.

They thought that sub 3% was the new normal?

Is my experience normal?

Is property management normally part of this arrangement?  

ROI is normally much better on resales. 

They're a little trickier than normal owner/occupied loans so you want an expert walking you thru it.