You need to either become very creative in identifying potential sellers and extremely skilled in executing and negotiating “deals”, or invest $120,000 + annually in marketing, and have employees skilled in delivering results.  

I work mainly in foreclosure auctions so a lot of unknowns and in the Seattle area market it is extremely hard to pivot exit strategies as rent to price ratios are so bad.   

in my personal experience, my credit union has been extremely valuable, as they offer better loan terms and better programs than a conventional bank.

For some of our loans we do give the option for an extension, but it is extremely expensive.

Through the same sheer luck and extreme determination we were able to secure some nice anchor tenants for the building.

However I am disappointed you are not reviving Blockbuster video. 

I kept getting met with objections from realtors that are supposed to be on my side, which was extremely frustrating.

Bridge loans are extremely RISKY. 

Factor in that Florida insurance rates are likely to continue rising 15-20% annually for the next few years.Flipped Property Red Flags: Since this is a 1977 home that was flipped, you need an extremely thorough inspection focusing on what wasn't updated, not just what looks pretty.

Perspective: been managing Class A-D for over 25 years, so we've learned a thing or two - often the hard way.Our lease states:1) Rent due on first, with 5-day Grace Period2) Late on 6th3) Can charge daily late fee after 10th4) Is very specific that Grace Period can be rescinded if abused (defined in lease).We've learned to leave NOTHING vague and define everything EXTREMELY well so tenants and judges cannot misinterpret!