Quote from @Micheal Smoke: Hi, my name is Mike Smoke, and I'm an aspiring real estate investor focusing on multifamily and Section 8 properties in the U.S. as the barrier to entry is much much lower in terms of price compared to Canada and Funding options. 

I think you’re under a misconception that’s leading you to think you have options you don’t…You say it’s worth $1.1M and you’d net $500k.

Rochester NY has a plethora of options under 250k.  

I have considered turnkey properties as an option

For funding, explore options like FHA loans, personal savings, or creative financing, and focus on New Jersey markets that align with your goals, such as Newark for rentals or commuter towns for house hacking.

It’s the BRRRR with the lease option rather than just rent.

Great option for buyers financing with VA, FHA, conventional, DSCR, or cash of course (no seller financing).The listing will be available starting in mid-February and most likely won’t be on the market for long so shoot me a DM for additional details and I’ll be happy to chat!

Try to narrow down your options to the top 3-4.

Both options have pros and cons, and the right choice depends on your lifestyle, experience, and long-term goals.

The investor wants me to come up with a few options for how we can partner on a future deal (coliving home in the Cleveland market).