Basically to buy a property below market value, add value/equity, rent, and refinance, however, I do want to draw out a lot of my capital or leave at most 20-30k in the property (or whatever the more experienced people think). 

@Maurice George, you can pay the heirs for access to inspect the property and you can buy personal property.

I had bought three houses within a few months and I would buy two more a year later.

Hello Bigger Pockets members, in your opinion what is the best way to invest in real estate without purchasing property or buying a REIT?

You can find nice rentals in these areas at your price point.Rookie mistakes to avoid:- Buying cheap properties, just because they are cheap.- Buying in areas that have negative population growth- Trying to do everything yourself

Most Likely we would have to buy the property with a loan and get a construction loan for the upgrades to convert.

If a money partner puts up the cash to buy a deal - they're paid back when the deal is sold or refinanced.But you have them being a money partner AND owning the deal (I think).I also wouldn't worry about what anyone else has done.  

Can you build a boring ski chalet and deck it out like an Airbnb?

Should I be trying to buy a 3 or 4 plex to start or would utilizing a good chunk of equity and looking for a much larger investment like a 15+ unit be better?

Primary home to live in:When do I want to buy?