I think there are better options out there - particularly cards that offer cash back and other perks.

You can always do it with your own IRAs, however your employer's 401(k) may or may not have such an option.

Quote from @Shane Haas: Quote from @Patrick Roberts: From a lender's perspective:If the purchase is made via cash and without any liens on the property or funds borrowed against the property, your cashout options are:A) Delayed financing within six months of purchase, which is treated like purchase money financing.

It's very user-friendly, low cost and allows the option to add team members to projects and tasks. 

I figured what better place than the bigger pockets forum to ask if maybe I'm not thinking of all my options.

I would be OK with doing a single family and then renting the rooms if that was the only option.

This could create a disdain for flipping properties and not continuing on the path..The other option could be wholesaling it to start a path to build a war chest to go out and do the first flip with your own money down. 

Happy to talk further on the area (we are large enough to offer options to focus on student rentals/UW Madison campus, and anything from Class C to A locations or suburban/surrounding communities) but to help you consider broad initial search, you could start by deciding how important cash flow is. 

Once you evict them and are ready to rehab, you have various loan options to cover the renovations costs and pull out equity.4.

Condos will be your best option when compared to co-ops because only about 15% of co-ops allow subletting.