Do not use any of the cashflow for personal income until all 10 units are paid off or 62 years old which ever comes first.4.

Whichever option makes the most sense at the time.If everything goes well I will have turned a terrible situation into an asset and created an unfair advantage for myself because I will be able to remodel or flip an investment property by myself.

In a reverse we take title to the new property and hold it until your construction is complete or 180 days, or when your old property sells (whichever is sooner). 

I think you can find success whichever direction you go.

Best of luck to you whichever area you decide to invest in!

Whichever you choose to do, or do first, I hope you enjoy it!

For example, with a HomePath Renovation as an investor we can only lend up to 85% of the purchase price plus repairs, or ARV (determined by appraisal), whichever is less.You will also be subject to the minimum credit score and other guidelines...

Continue to educate yourself in whichever niche you're interested in (buy and hold?).  

Quote from @Laura Casner: The Tenant is responsible for the full term of the lease, or until a new Tenant takes over, whichever is first. 

So starting out you can choose whichever area is closest to you or that you personally like most.