Hi @Diana Tran, it’s unfortunate that you’ve experienced working with dishonest people that you expect to have your best interest in mind to minimize your exposure to risk and ensure your success when investing in real estate.

On this product you will need a minimal of a 15-20% down payment.  

My primary question is: Should I focus on buying a multifamily property and growing slowly to build a stable financial foundation, even though my area would have minimal cash flow and be more of an appreciation play?

Not all but many scammers like to be GHOSTS providing minimal information as possible to engage a consumer in the marketplace. 

At minimal the personal loan would be incorporated into your debt to income ratio when you apply for the financing on the purchase if you were trying to qualify on a full documentation loan. 

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So $11,222 times 22% is $2,468 - leaving you a true profit on the house of $8,754 for an all encompassing 6 month intensive project that you will likely feel lucky to get out of with that profit, because you did your very best to minimize expenses along the way.How do you quantify this number?  

The goal is to maximize wealth, not minimize interest payments.

With a purchase price of $62,000 and a sale price of $86,000, the property promised substantial returns with minimal risk.

The reason I'm investing in Toledo is because I know the area, have some friends and family there to help if needed and the cost of entry is minimal.