Could you simply buy the place straight up, use a conventional loan, very little down, move into the place, do some minor changes and after six to twelve months, accumulate the income needed to pay for your rehab?

But, you will not achieve the goal of early financial freedom or great wealth in a short time frame if most of your wealth accumulation is going on inside of a retirement account.

If you foreclose and nobody pays you at sheriff sale the $50,000 plus lawyers fees plus accumulated interest, you own the property 100% and you don’t owe second lien anything.

This will likely inhibit your cash position and slow down your ability to accumulate liquid capital as you will expend a large amount on a downpayment, pick up a mortgage, and incur maintenance expenses that go with every homeowner.

I wanted to accumulate RE for PI.

@Nathan Gesner why not start accumulating assets though so that they cash flow and appreciate?

Save the profits from the business and invest those in long-term rentals to accumulate passive income and wealth.

It may take some time, but eventually you will accumulate your real estate empire.

My biggest client lives in Manhattan, NY and has accumulated over 500 units, mostly on the south side of Chicago. 

Then take what you would pay in rent and accumulate it for future down payments.