Traditional loan is 20% down and repairs out of pocket or some other form of home repair/HELOC loan.

But the commonly heard number for ROI is 3- 5 times what you would get from a traditional long term rental.

It's definitely not a get rich quick scheme.Both the $165 and $2k numbers are subject to variable market forces, so I need to re-evaluate the market after we get permits. 

traditional mortgage How did you add value to the deal?

Traditionally, Blue Ridge has provided the opportunity to be on the lake at a lower entry point than others in Georgia such as Lake Burton and even Lake Lanier.

Fast forward 20 years from first reading Rich Dad Poor Dad, I've built up a portfolio of 50 rental houses, a 10-plex, a couple office buildings, and a tax-free annual net profit of around $200k.  

Another way this could work: If the seller is young/savvy, they could sell you a house with seller financing if they don't want to pay the taxes that come with a traditional sale.

I read the book "Rich Dad, Poor Dad" by Robert Kiyoski and it lit a fire in me.

I am curious, what is better; finding a traditional bank/local bank to work with or a non-bank lender (Loan Depot, New American Funding, etc..) 

I understand the traditional model when starting to invest in RE is to own your primary residence already before investing in rentals unless house hacking or BRRR.