I personally think this is the direction booking sites need to go.

Quote from @Irina Badal: I heard for anonymity purpose it’s advisable to set up a personal residence trust.

I personally love the Cleveland market for its cash flow.

Personally, I've been in this niche since 2007.

What made you think this person had no experience whatsoever and didn't own their own home? 

I personally use Bnbcalc: https://bnbcalc.com/?

Quote from @Mathew Chacko: Quote from @Na Person:  I too was a little skeptical of sending a large cash payment to an unlicensed entity (1031 facilitators do not need a license). 

Personally, I like to target 30% equity retention in each deal.- Section 8 income isn't guaranteed.

Now were back to a mare normal world where a person has to have that skill of forecasting, analysis, ability to "read the tea leaves" for where it's all going and if todays acquisition makes sense. 

Since the LTV on the hard money loan is high , I would personally purchase it using a bank statement loan at 85% LTV (15 percent down) and, as you mentioned, just use your cash for the rehab.