I'd underwrite the property, with that low interest rate assumable mortgage, to cash flow positively from day 1 as a long-term rental, but be willing and able to use the rent by the room strategy or to rent out part of the property as a Short Term Rental to dramatically increase cash flow during my occupancy. 

Do you see them as a viable option early on, or is it better to avoid them altogether?  

It's objectively rated as a great place to live, but obviously you need to be ok with Winter.

Not sure how long you held the land, but there are some instances that the land can be used as a down payment. 

Just want to mention that sometimes it works out better to raze an existing property down to like 2 studs and rebuild around it so that it still is classified as a remodel versus a complete new build. 

It is somewhat complex to try to explain on a forum, but at a high level, you (aka GP) and your family member (aka LP) would agree on how much the 2 of you would put in for the amount of equity needed (usually expressed as a %).

All set to jump my start career as a investor to do fix/flip and buy apartment units  ,any suggestions how to move forward.

It's a VA loan, so long as someone can meet the requirements.I have it as a subject to, subto, so it can be done with creative financing too. 

Hey Matt, As a solo-shop, I use the following to stay on top of my client's minds and files: 1.

Would that be, for example, if the PM says, "I manage a duplex for John Smith in Turlock," then I call John as a reference, ask John a few questions, and then ask John the address of his duplex so I can later look it up on the county website and verify if he is the owner?