I lost another $1000 in inspection fees but should get back $2000 earnest money deposit.

Are you using your own money for your flips or do you have a lender/investor that funds your flips?

Their ability to recover their money should you default is much lower in this position.

(Others would be more boring and say it’s just my money earning money.

How much money is owed to investors? 

Covering the mortgage isn’t an issue, but I’m considering factors like: Multi-Family: House hacking would help offset costs right away, but I’d likely need to put money into renovations upfront.Single-Family: Easier move-in with no immediate renovations needed, plus potentially lower tenant turnover once I rent it out For those who have been in a similar situation, what did you choose and why?

If you didn't actually get any money, how do you know for sure they are a real legit lender? 

It is clear from the interview that their main skill set is raising money and they partner with other "Co-GPs" who focus on the operations. 

But if I sell it and put that money in the stock market and earn let’s say 8% I would make $40,000 on the same money.  

However, the whole point of making money is to live a better life, which includes caring for family.