You can also offer to lease with an option to buy to tie up the property until you are ready to purchase. 

While we currently live in Stephens City, VA, we’re open to investing in other states where the numbers make sense.Real Estate Goals & StrategyInvestment Focus: Buy-and-hold rentals, short-term rentals, and potential multifamily propertiesMarkets of Interest: Open to investing outside of Virginia in cash-flowing, landlord-friendly marketsCurrent Stage: Learning, networking, and preparing for our first investment propertyLong-Term Vision: Build a diversified rental portfolio that provides financial freedom and generational wealthWhy I’m HereNetworking: Connecting with experienced investors, agents, lenders, and property managersLearning: Gaining insights from those who’ve built successful portfoliosCollaborating: Open to partnerships, joint ventures, and creative financing strategiesWith my sales background, I understand the importance of negotiation, deal-making, and relationship-building—all of which I plan to leverage in real estate.

And what type are looking to buy, SF, 2-4 MF, or 5+ MF? 

Probably buy during hurricane season (now) to get the best deal. 

What would I need to do to structure the note in order to have a note buyer come in and buy the note or buy a partial enough to pay off the 215k at closing and still have some difference coming to me or the note revert back to me after the partial was paid for. 

I don't have a lot of capital to buy a property right now in the area that I would like.People that get into businesses like these have a common thread, they are go getters and hustlers! 

You can offer to buy the upstairs residents an area rug, but I wouldn't force it on them.   

Generally buying in nicer areas leads to better experiences and confidence in your investing, but lower cash flow when you move out.

I can say that with Phoenix, a multitude of opportunities can be in store for you if you invest in their market, network, or even just want to get familiar with it.What type of real estate are you into: fix & flips, buy & hold, multi-family, or something else?

So does that mean I can't buy from a related party at all??