House flipping/ renting in alaska

[Eddie Freeman]

Hey everyone! First post and very excited to be on the forums and post for the first time. I live in Ketchikan Alaska, the house prices are very high in this area, but there is the occasional deal. 

So my situation. I was fortunate enough that my grandfather bought a house up here that I live in, pay about 400 in utilities /cable internet. a month (we collect rainwater so no charge for water!) and 2000/ year in insurance. I rent out one room for 800 dollars a month. Im fully time employed make around 3200 take home a month. And we receive a dividend every year of around 1500 +/- . My dad is a local contractor and we are thinking of teaming up investing in real estate. 

My plan: 

We are looking to try and get a loan form my grandfather for 100k and negotiating a interest rate of 10%+(he will probably go lower but offer high out of good faith), my thinking is buy single family homes flip them, we estimate we could do about 2-3 a year for the first year, and then invest our potential profits  in multi family homes and rent them out to get a cash flow and build equity. Also another idea I have is Ketchikan is a huge tourist destination, our population doubles in the summer months, but I have an in with a tourist company that I could rent a multi family by room to increase my income, and the tourist company would deal with most of the drama that the tenants would have if the problem pokes its head up. But in the winter there are no tourist, but I could possibly line up a rental agreement just for the winter months, or even possibly move a family into a recently flipped house for a reduced rate to still achieve some kind of money flowing into it. 

So that’s my rough draft. Be as critical as you can be with me, tell me I’m an idiot, I invite it, I’ll take any advice I can get to do this right and avoid problems in the future.