I currently rent units from people in the area and re-rent them short term and collect the spread (known as rental arbitrage).

Also you may be able to negotiate adjustable spread down as well. 

As we dumped all effort into this we didn't spread our income sources out.

That may change once I grow and spread my risk over multiple units but for now, that’s what I keep.

Unemployment is low and a good spread of primary job sectors which gives me more confidence in its future.

Local banks will offer lower rates but unlikely to be spread over 30 years.  

If you do it right you will have money down, money cash flowing each month, and your amortization spread gets bigger every month giving you a big payday somewhere down the line.Good luck!

The truth is, finding the buyers is the easiest part, the difficult part is finding a deal with enough spread for the end buyer and still room for a wholesale profit.

Ideally you would want to spread that money out into multiple properties instead of just one big one. 

I'm sure the same thing will happen again soon but hopefully be a bit less of a disruption to the economy and be a bit more spread out rather than concentrated failure.