If he uncovers any problem areas or something that he does not feel comfortable tackling I am going to go ahead and hire someone with a narrower focus.Again, thank you for the thoughtful answers, they played a role in this decision! 

(bridge loans, cash-flow plays, hybrids, etc) finally, you'll probably want to diversify over 2, maybe 3 sponsors that you trust. 

But location within the city plays a major role, too.

The right loan for your circumstance is going to depend entirely on what your goals for the property are.Is this a value-add play with a refinance in month 18 and a 5-7 year hold?

You're not including repairs, CapEx, vacancy, or management in your rental analysis.Besides the normal condo caveats, I'd be worried that this is an appreciation-only play.

But, if your looking to simplify and play it safe and don't know the area very well you might want to just focus on non-flood zone areas. 

You can also use these data fields and build a spreadsheet that allows you to plug-and-play numbers and optimize your process.Go out there and get it!

"BRRRR" by Mr.Green is advising to save a lot and then buy house cash, and books by R.Kyiosaki are advising to start playing a little in stocks and funds to get used to investing and then get into "big" business or RE and so on.

This would be a long term play.

It was a poor rental due to the low down payment but a great appreciation play.