Again, every single choice has its pros and cons.

For the most part, I deal with a broker that underwrites 40-50 companies, so we have choices and I can make a decision then

Depending on the investor and lender you are speaking with, there are typically several options and choices.

I live really close to it and I was thinking it would be a good choice for me to start there as it´s cheaper than Barcelona and it also has an ok University.

Thats why in 08 to 2011 you had so many owners in Vegas PHX inland empire just do strategic foreclosure.

Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might suggest.The Plan1.Pay Off Mortgage: I currently have $170K left on my mortgage, and my goal is to aggressively pay it off in the next 1.5 years.2.Establish Emergency Fund: Before making any big moves, I’ll set aside 6-12 months’ worth of expenses as an emergency fund.3.Extract Equity: Once the mortgage is paid off, I’ll pull out the equity from the property.4.First Flip: Using the extracted equity, I’ll purchase another house, fix it up, and sell it for a profit.5.Reinvest Flip Profits: Instead of buying another property immediately, I’ll use the profits from the flip to renovate the original property, aiming to increase its rental income and appraisal value.6.Reappraise and Extract Equity Again: After renovating, I’ll get the original property reappraised and extract additional equity based on its increased value.7.Purchase Rental Properties: With the additional equity, I’ll start purchasing rental properties that offer positive cash flow and have growth potential.8.Leverage Equity Strategically: I’ll use equity from the original property and any new properties while maintaining a healthy loan-to-value ratio (LTV), ideally around 70-75%.9.Build Rental Portfolio: I’ll focus on acquiring a mix of property types (e.g., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.

Personally for me this always gave me piece of mind that IF I ever wanted to sell one of my properties that has appreciated a lot, I could move back into one for a while if I plan strategically in advance

The earlier you recognize this, the better off you will be in the long run "I was wondering if any lenders out here on BP are willing to play game...." is not the best choice of words.  

While duplexes seem like a great starting point, I'm also open to considering fourplexes for potential increased return.Here's my situation:Investment capital: $200,000Risk tolerance: Moderate (willing to leverage, but strategically)Experience: New investor, but I've been devouring BiggerPockets books for the past 2 years!

Hard money lenders, familiar from your experience with flips, remain a viable choice, although they typically come with higher interest rates and shorter repayment terms.