This would be a VERY inefficient method and leaves me wanting to just send that list out to a different mailer service.What is everyone's thoughts?

If you are looking to fix and flip, just make sure you look for a 12 month term, non-dutch interest on the rehab funds (this means you do not pay interest on the rehab money until you use it), no prepayment penalty, and avoid any lenders that escrow your payments at closing.

(If they are an adult you should have already done a background check on them.) you could also renew them at the higher rate on a MTM term in case the payment issues continue.

You should definitely be able to find decent multifamily properties for under $200k, and multifamily would be my suggestion for starting out if you can swing a larger down payment (depending on loan type, you MAY need 10% more for a multifamily vs a single family, but not always).

He already has a down payment saved up just needs a little bit of help getting the first deal to the finish line.

I'm not 100% sure about each one's different benefits and cons, but which method would you recommend to use if you were in my position?

I ended up going with a market I had already been to, Huntsville, and learned to do long distance real estate investing as well as the BRRRR method.

I don’t believe a tenant can stay forever, and I can cover the extra payments and lawyer fees for up to two years for the tenant who will be harder to remove.

Currently I view real estate investing (REI) as a method of generating additional income apart from my 9-5.

they probably have a bunch of 3% nonconforming loans on their balance sheet so 5.5% is not bad, totally reliable payments, plus in a legal battle they'd likely find the power of attorney didn't extend to the ridiculous term and that there was no breach of any enforceable agreement.