Given you and your investor both have experience in different areas, I’d say keep a flexible approach and compare city requirements before putting too much money down.

What approach is correct?

Attend seminars, join online forums, and read up on the latest market trends to stay informed.Remember, real estate investing is not without its challenges.

As someone relatively young, obtaining a conventional loan has proven challenging for me.

It’s great to see how creative approaches to house hacking are working well for you.

I’d appreciate any input you can offer on everything from financing to construction challenges.

@Michael Challenger I scraped all the cash I could find and borrowed from family.

Based on my experience managing a significant number of rentals, leasing back to a seller can work, but it’s essential to approach it carefully.Lease Start Date:The lease should be signed at closing and start on the same day—Monday in your case.

Or you have to take a value add approach to make it worth the hassle. 

If everyone took the cash for keys approach, then the odds of a LL getting such a tenant increases.I have never had to do a cash for keys.