;  )Kudos to you for wanting home ownership for him, though. 

The last year I renovated a single family home to rent, pulled out some equity, couldn’t have gone better.

There is unlikely ever going to be a “home run” value add + “home run back end STR”.

Stating that nothing can be put on walls in a rental home is unreasonable.

You have to sell it to a home buyer.

The already-constructed home is one point on the base of the triangle, and the other plots comprise the rest.

A mere "pet" must either stay home or charged extra for. 

@Chris Ke With $200K for a down payment and the ability to invest full-time, consider starting with a 4-plex or multiple single-family homes (SFHs) within a 5-hour drive of Los Angeles in areas like San Bernardino or Riverside.

U can check out  ivyridgeestatescanby dot com for my 90 home project in Oregon that I did with my oregon bank and then my website for pictures of homes we built in Charleston SC which is the only market I tagged HML ( lima one) and only one time the rest were done with Ameris bank or Service first bank that is local in the market. its all about the three C's  Character Collateral and capacity..

Small investor, looking to purchase one to two single family homes per year over the next 7-10 years?