One consideration is how hard is it to get a starting position at a bank versus finding a leader in the field you are really interested in to not only mentor you but pay you to learn from him.

One big consideration was the use of MLS and keysafes and the other phones were not really REALTOR friendly.

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Seeking legal advice will provide you with legal options and considerations based upon the laws in your state.You will also learn how to legally avoid this situation in the future, like with a better prepared agreement that includes a timeline with incentives.

We do have good credit but I would like the keep the interest at a rate which would allow for positive cashflow, so that would also be a consideration.

But - this has cause me to challenge my way of thinking, and really give their perspective consideration.

Very tough times right now in the rental business.I am one of the few landlords I know with 100% occup. right now but I had to pay for it, reduced all my rents 10% across the board to keep my good tenants, and my last vacancy took 5 months to fill and I had to drop my rent 20% from the previous lease to fill it.Everywhere I look are for rent and for sale signs and the tenant quality had degraded tremendously .. credit ratings, background checks etc, which equates to higher damages for landlords and less ability to collect on those expenses .. experience speaking there..Taking on a rental property for a flip is a dangerous game unless you can fully afford to fund the payments for a LONG time and still make a better profit then the risk free rate of return on cash.One bad tenant, not paying, damages, legal problems, and you could be looking a total loss of investment.. which could be considerable to get a mortgage these days.That said:Property Taxes, Insurance costs, upfront renovation costsHouse Age < 10 years preferredRoof Age < 10 year < 5 years preferredInsulation QualityElectrical system ageHeating/Cooling System Age < 10 years < 5 years preferredFloors (Carpets are a hole you throw money into), tile preferredKitchen and Baths (Expensive renovations)You have to be able to accept rental payments up to 20% below the market to get a good tenant and credit and background checks are mandatory .. so longer empty periods are expected right now.Personally, I think this is a great time to begin to build a rental business as properties are available well below rebuilding costsand hence will appreciate but OJT Landlord training will be expensive ESPECIALLY NOW!

Zestimate doesn't take that into consideration. 

Other considerations?

We spent considerable savings renovating units.