First, buying a multiunit that you will live in is the easiest path.

But I think that, Clearly, the best position a Private Lender can be in is a low LTV, 1st lien, they are very well protected, and this type of deal does not require you to borrow more than 15-30% of the ARV in most cases.

I've given you some food for thought; I'm sure others will jump in. I

Building code is egress windows for bedrooms not egress windows for rental units only so I don't think it can be done unless you put the egress windows in. I

We would not allow your current situation (everyone moving in is on original application and no new residents for first six months), but sounds like your market is way different.

I truly appreciate all assistance at this point, because good deals are available out there, I just want to double check my homework, before jumping in. I

If you're only going to own the property for a couple of months, then a higher interest/lower monthly payment loan would be what I would suggest.However, If you're buying equity with the hope of seeing a larger payday further down the road, then you'd want a lower-interest conventional financing loan that you can pay principal down on as quickly as possible, but at that point, you're a buy-and-hold investor and not a flipper.Honestly, the best thing to invest in is education.

It's kind of crazy that millions of people invest in stocks via 401ks and other accounts , but don't even know what they are really investing in . I

Yet, those have been bypassed and you're talking about using their equity to buy a house you live in. I

I used to live in Jacksonville (Mandarin area) and hear that it's a pretty good market to invest in. I