Are there other more creative ways to start cash flowing in year one Be careful because federal mortgage fraud and going to jail is a real thing.

Having a tenant in place also helps ensure you get the best loan terms.That said, you can start the conversation with a lender now to prep for the process.

Any advice appreciated.You will want to ensure you are claiming income on your return.

What should I keep in mind to ensure I'm approaching it the right way?

Very creative, but solid.This also may offer the potential for you to keep your other home and rent it out as an asset, but that's between you and the investor who buys your aunts home to subsequently rent it back to you. 

Ensure you are buying in an area you want and can see your family living in.

That brings us to 2- the ability to negotiate to CREATE a good/great deal3- financial staying power (being able to survive when things go south)4 - property management 5- creativity 

I would consider selling one of the properties, paying off the debt, creating a reserve for your remaining investment, and ensuring you are 100% financially stable before you invest again.

To avoid issues, hold the property in the trust for a year, ensure the LLC is properly structured, and consult a CPA or 1031 exchange expert to confirm compliance with state and federal tax laws.This post does not create a CPA-Client relationship.

Start by getting pre-approved for a loan, ensuring your credit score, debt-to-income ratio, and finances meet lender requirements.