-ARV - 500k-Purchase Price - 400k (needs full renovation set 50k) - Down Payment - 20%-1st Hard Money Loan - 250k interest only 3 year term -2nd - Hard Money Loan - 70k interest only (interest accrues to earlier of end of term/sale/refinance) -Rate TBD but assume around 10%Investor would get a discount on ARV and be cash flow positive during the holding period.

If anyone on here is experienced and willing to share information about getting into this game, connect with me to set up an interview so I can ask you questions, and/or collaborate on a deal, as I would love to gain hands-on knowledge and experience as quickly as possible, as well as cultivate trust and relationships that lead to more business and deals in the future.Thank you!

@Griffin Hess, even though you feel more confident networking with others regarding the basics of commercial real estate, you seem pretty knowledgeable, so you'll likely pick up on residential real estate investing reasonably quickly. 

We might have 3 offers out at the same time, subject to.  

But still found it odd that they burn employee time for no water usage.

You have to have a good handle on what your hold time will likely be and what capex will need to be done in that time period, and be sure you price it accordingly when buying.

Part time W2 job.

I am personally invested in @Chris Seveney's fund (and have invested a couple of times into it) if that says anything. 

Can anyone explain me the pros and cons of each and what are some of the best banks lending at this current time in Florida?

The value resets, and the dollars you take out will determine the new equity split at that point in time.