Humbolt Park is a very hot area right now so a good start if you can pull it all together.

The MF market is just crazy hot right now, with a lot of properties selling for "perfection" and maybe I'm just trying to talk myself out of putting the work in because I know the odds are pretty long right now.

As Catherine stated above, the Tampa Bay area is very hot for flipping houses right now.

Small world, my sister and brother-in-law own Hot House Yoga in Midlothian. :) 

What impact does this have on the sale in a hot market, none?

I am not totally comfortable just picking one out of thin air, so I would love your feedback on who you use or if you are a lender what your terms are.I have seen and reached out to a couple private lenders mentioned on the boards already.The property I am looking at is in my own neighborhood, so I am very familiar with them.

Unless the deal is smoking hot, which you could go the HML route, you're not going to get funding without putting a decent down payment down.Edit: Forgot to add the route of FHA+203k loans.

The way the home is ran financially is not with that, but the home is in a hot real estate area.

What happens if within the first 60 days you have to replace a hot water tank, HVAC system, and have a major plumbing issue where the entire house plumbing lines have to be replaced and you're out $20K+... 

Given that multifamily has been hot lately, I do expect valuations to go up.