Thus, I instantly concluded this lending opportunity being a NO GO.

Thumbtack will connect you with subs instantly and most do virtual quotes for a fast turn around.

If you don't have the vision to have MANY airbnbs in Champaign I'd suggest figuring out a strategy you have a long term big vision.Pros:  High cash flow (if done right), typically properties are oddly better-taken care of, sexyCons:  Management/system intensive, always on call, regulation can change things instantly  

Make sure that you buy the property well under Marc value so you can create some instant equity when you buy it.

They get instant answers, and it's what people are used to these days.

They want “instant” gratification.  

If I acquire the second property with full cash, that's at least an instant equity which I may be able to tap into for 3rd, 4th,..assuming properties rise in value over time. 

Hi Evan- I have a lot similar feelings, as I'm a younger investor as well.I'll say this- We live in a world now of instant gratification.

After the appraisal, I had instant equity of 25K.

You are young and have plenty of time and opportunities coming your way, just continueyour education.I see some people posting on here with credit card debt wanting to invest, which doesn't make sense to me, the best investment for them is paying off their credit card debt and they instantly make 20+% from not paying the interest.