He also paid for the rehab.The plan was to rehab it buy it with traditional financing and rent it on Airbnb.This was my very first deal.

You may want to look into modular homes- I have not done it personally but the quality seems to be there and the price seems to be lower than a traditional stick build.

@Luke TomashekAre you talking about using an I/A system as opposed to traditional design system?

I'm actually a little surprised that there is so little in traditional book form! 

Marcus Auerbach I switched brokers, from Coldwell, who deals almost exclusively with traditional real estate to Berkshire Hathaway.

You can roll it over into self-directed IRA and use funds invest in non-traditional investments, such as trust deeds.

Traditional bank investment loans are going to be around 5% (if you can get one) hard money loans in my area are 15% and 3-5 points.

Is there a rule of thumb i should be using like 10% for a traditional management fee? 

So as most people, I started buying property the tradition bank/ conventional way, with personal credit and guarantee. 

If you are using hard money you need to budget for the points and fees as well as traditional third party closing fees.Repairs: The money it is going to take you to rehab the property plus an extra 10% of estimated repair costs to account for unexpected repairs.Holdings Costs: Here is where a lot of investors get tripped up.