You need to step out of your box and check out other markets where you can buy a home and flip it for 150K.I have a flip right now that my partners and I are in for 200K in Chattanooga,TN. 

Cash for keys is definitely the best way to get people out in the day when I was very active at court houses steps cash for keys was by far the best way to get folks to move and bad tenants in a state with bad eviction laws to me would be the preferred method. you simply pay them when they are leaving the house not before.. that works fine and you give them more than 1k .. you make it worth their while..

Quote from @William Woodring: Update on my postAs pointed out, the initial terms on my contract in Oct 2021 were beyond industry standards.

Admitting to myself and to others that real estate investing is something that I want to pursue with everything I have is a big first step for me.

@Nadeem Alamgir Thanks for the step by step detailed suggestions!

I guess my goal is to figure out my next steps and get a clearer picture of how I can break into the real estate world and start building something for the future.Thank you.

We did this because initially we were just going to build/sell, but I would rather hold on to it.

That would be my recommendation for next steps. 

This means, when conventional loans aren’t an option, you may still be able to get an FHA loan.The first step is to connect with a lender who can help you explore your options and determine if you qualify.2.

Just curious, since I'm currently having my STR designed and furnished and my next step was to sign up for dynamic pricing.