My HVAC guy is so slammed these days every time I see him he looks like he might just keel over dead and he's younger than me.

@Dan Froilan The lake Ozark Realestate market is super hot right now, inventory is so low most properties are going for far above ask price with multiple offers and under contract in hours not days.

Thanks everyone for your advice it is so greatly appreciated!

The market is so hard for tenants to find anything without competing with 10 other applications that they are shotgunning their applications like an investor would when they are looking to purchase property.

There is so much data to analyze when it comes to selecting a new market, but places with high growth, good landlord-tenant laws, lower taxes, and purchase price are all things to weigh and consider.

We are projected to only see about 15-20% price decrease in the swfl area but with multi family could be even less because the rental demand here is so strong and will more than likely remain that way for sometime to come.  

I know when utilizing private money, there is so much flexibility , what are the "standards"?

It is so rare to have a bank call a note that I don't expect it to happen. 

This is the best time in your life to buy a multi though because the downpayment is so low.

I have very little time to do any research on this property, which scares me considering my knowledge base is so limited to begin with given that I have never invested in real estate before.