Jordan, your correct regarding note investing and buy and hold real estate ability to compliment each other,  it should be a function of the note investors business model such as some will avoid non-owner occupied because there is a very low change the borrower will work out a loan modification,  while others will seek those assets out because they intend to exit through the property,  rehab,  rent,  sell etc.  

Supposedly, my aunt and mom would function as the bank, and I pay them monthly until the house is properly mine. 

Commercial and residential loans function in different ways for different purposesResidential loans are used to purchase residential property (as you probably surmised).

Those should not be a function of the rents. 

Assume any nice finishes you do now will need to be redone prior to selling it in the future +/-.Avoid high end finishes and go for nice and functional IMO.

- Capex is a function of the property replacement value, it's age and current condition.

A rental property does not need a fire place and if there is one it should be closed off and non functional.

According to their press release they are expecting to accommodate 5000 employees initially, job functions include engineering.

@Wayde C Hall - look up a nearby property, then use the map function to get over to the one you seek. 

This speaks to track record, which as a PM lender, you will agree is super important when looking at a borrower.As Carl points out, the answer is probably nothing more than a function of the numbers, even if they are only what-if at this time.