Hard money loans are a great option for off-market properties, but that is a whole other world that I may not suggest for someone just starting off unless you have some rock solid mentorship. 

I know Branson is known for golf and Table Rock Lake and people tend to snatch up those condos that come with the amenities but I feel like rentals would be limited to good weather only..there has to be a solid percentage of tourists that enjoy the shows and being in town as much as there are people that enjoy the lake and golfing.  

I thought about real estate investing but preferred having free time to learn new skills such as volleyball, rock climbing, programming, (graduate school). 

So it sounds like you are ready to rock and roll.

The business use of the property is a red herring for investing.

However, with 25 years of experience in RE Syndications, there are several major red flags I look out for:High Cash Flow.Aggressive Marketing.Lack of 100% Transparency in PPM and Marketing Material.Whenever cash flows exceed market expectations, I question the sustainability of such returns.

Unless you have construction experience you are likely to end up in the red on the first project or two.If you are intent on trying to do rehabs (which isn’t necessarily a bad plan because that is where forced appreciation and higher returns are) then you don’t need to make a decision on BRRR vs flip now, you can wait until the rehab is finished and figure out what makes sense to you.

For example, if an owner is in red but the property has old and drafty windows, and tenants are complaining, what would you do?

Investment Info:Single-family residence buy & hold investment in North Little Rock.

Investment Info:Single-family residence buy & hold investment in North Little Rock. 2021: new metal roof, painted the interior and exterior, sanded and painted the kitchen cabinets, and installed a new furnace.2024: New new vinyl plank flooring and carpet were installed throughout the home, all of the electrical outlets were replaced, and the A/C condenser and compressor were replaced.This property is currently listed for sale!