The condo will limit the rental options to age restrictions. 

Also, research other areas where you can invest as a private money lender (fix and flip is just one option)... 

Happy to chat...being a local GC takes out a lot of the risk of the biggest variable for most investors (unpredictable rehab costs) and also allows you to consider more options than the average investor, with your rehab costs being significantly lower.

Hi David, If building long-term equity and scaling quickly are priorities, then option 2 aligns better for you. 

As you indicated you have plenty of options to start.

And, perhaps most importantly, make sure you have access to flexible financing options that can help you adapt to new market conditions.

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

The asset was sold a couple years later and the operator gave all investors the option to exchange into a new acquisition or liquidate.

.- Optional Benefit: If you believe an elevation certificate shows your property is at a lower risk than FEMA's assessment, you can submit one to potentially lower your premium.

There are just too many options available to go directly to the supplier!