I want what’s doing best, as the S&P since the Depression has returned on average 10.6% (it fluctuates by .1 or .2% periodically) if I buy a property I want it’s IRR to at least beat that.

Quote from @Lucas Schlund: I have been having a very hard time getting a straight answer to this question, probably because im having a hard time wording it right, so just bear with me here.For my first deal, I plan on BRRRR'ing out of it to build my portfolio faster.

Condotel would not typically be a warrantable mortgage and would be at a higher rates typically then a standard mortgage.

Because I too am hearing of Syndicators/Syndicated deals imploding all over the place and LP's singing similar tune of getting f'd where I wonder how, just how this could be at scale.

So, take a beat, and think what you want to do for work.

They will learn faster if it costs them money. 

If you did sell I would 1031 into something larger but you'd have to see if it'd beat your current property. 

My other thought was to find a flip job for faster cash.Is there other ventures or financing ideas I should be considering?

You can count on the contractor work be at least what the local Lowe charges for installation of things.

People think it's inexpensive to install a Washer & Dryer, but getting the gas, electrical, water, and drain/vent there is usually quite expensive.Here in Chicago, we always want to be at the top of the market regardless of the competition, so we almost always install a W/D when we renovate our properties, even in some of the less desirable neighborhoods.